Economy, asked by mrpuddock0213, 5 months ago

Explain a PYRAMID SCHEME

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Answered by selvameena45049
0

Answer:

A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. The scheme is called a "pyramid" because at each level, the number of investors increases.

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