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How legalising cannabis can help society

Leading drug researcher Associate Professor Chris Wilkins from Massey University's SHORE and Whāriki Research Centre is calling for the adoption of a not-for-profit public health model for recreational cannabis. It would ...

Jun 21, 2017
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HealthCare.gov dropout trend continues under Trump

Continuing a dropout trend seen in the Obama years, about 16 percent of consumers who signed up for coverage this year through public health insurance markets had canceled their plans by early spring, the government said ...

Jun 12, 2017
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Canada tests lower age for pot legalization

The most controversial thing about Canada's move to legalize marijuana nationwide may be setting the minimum age for use at 18. That's three years lower than in U.S. states that have embraced legalization.

May 18, 2017
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Market

A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.

In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.

The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]

This text uses material from Wikipedia, licensed under CC BY-SA

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