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प्रश्न
Identify and explain the concept from the given illustration:
Although gold is not necessary for survival, the price of gold is high.
टिप्पणी लिखिए
उत्तर
- Identified concept: Paradox of value.
- Explanation of concept: A rare good has a high value in exchange (price) but a low value in use (necessity for survival). A paradox of value is the discrepancy between the value of a commodity as used and its worth in exchange.
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