John Locke Economics Question 3 Video 4 (Part 1 of 3)

The 'Crowding Out Effect' essentially happens when large project expenditures cause an unexpected shortage of resources with prices forced upwards. But this is just a surface level definition. Continue watching this video to know the crowding effect's in-depth meaning. Go to www.viptutors.co to watch the full discussion of this term's relevance to the John Locke Essay Competition Economics Question 3.

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