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Sunday, May 14, 2023

This Country's Economy Could Be Huge, But They Don't Care | Economics Explained

 https://youtu.be/OG35eaXdl7A

*USD to iran's currency conversion for USD earnings for Iranians is not very accurate. Due to sanctions and Iran's separation from western trade routes it is better to count wealth with more metrics than described here. This measure plus the idea of consumer and industry spending patterns (utility comparison of Western basket to Iran citizen's basket) is important to compare for wealth per citizen  (GDP per capita.)

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