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13 December, 15:46

How does war effect economy?

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  1. 13 December, 16:36
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    Economic benefits of wars

    Just briefly war can have potential economic benefits.

    Full employment

    Higher economic growth

    Increased rate of innovation as the government invests in new technology, e. g. development of radar/jet engine in Second World War could be used for peaceful purposes.

    Change in social attitudes. For example, women entering labour market after First World war.

    Economic loss of war

    inflation

    National debt
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