6min chapter

Economics Explained cover image

Did the “Perfect Economy” Just Get Better?

Economics Explained

CHAPTER

The Importance of Taxes and Norway's Natural Resource Wealth

This chapter discusses the significance of taxes for governments and the social contract they create, as well as Norway's unique economic system and its reliance on natural resource wealth. It also explores the discovery of phosphate reserves in Norway and its impact on the global economy, as well as the potential implications for Morocco.

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