Business Daily
Brand Meghan and Harry
Jan 10, 2020
BBC's royal correspondent, a brand consultancy expert, and a professor discuss the economic value of the monarchy and Prince Harry and Meghan's decision to step back. Topics include royal branding, financial implications, and the economic impacts of monarchies worldwide.
17:57
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Quick takeaways
- Monarchies like the British royal family contribute significantly to the economy while costing less to run, showcasing a positive economic balance.
- Monarchies historically excel at protecting property rights, leading to higher living standards and faster market development.
Deep dives
Economic Impact of Monarchies
Monarchies historically excel at protecting property rights, leading to higher living standards. Markets develop faster and are more dynamic when property rights are safeguarded. Monarchies like the British royal family contribute significantly to the economy while costing less to run, showcasing a positive economic balance.
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