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Basic economic theories require that consumers have full information and make rational decisions. Neither of those are valid assumptions. In this case, the vas
by Osiris 6y ago
Basic economic theories require that consumers have full information and make rational decisions. Neither of those are valid assumptions.
In this case, the vast majority of people don't know if a shirt was made with child labor or not. If this information was clearly communicated to every consumer I'm sure you'd see consumer behavior change to some degree.