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FILM: Business In The Economy 1: South Wales
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Qty:
34 mins, 1997
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What drives a market economy? The video visits South Wales to explore this question.
It illustrates primary, secondary and tertiary industries, and explains basic economic terms - demand and supply and the market price. In the 1980s many Welsh coal pits were declared "uneconomic".
The miners disagreed and fought a bitter battle to keep the pits open.
Now with the pits shut the video vividly illustrates the social costs of a market economy: poverty and unemployment. Is there an alternative?
