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abnormal profits adverse African agricultural argument buyers buying agents capital formation city-states cocoa commodities competition consumers costs debt debtor discussion economic advance economic history economic progress effects elasticity of demand employment enterprises especially essay established example export extensive external factors favorable financed firms foreign aid Grade groundnuts groups Hicks Hicks's Hong Kong important improvement income elasticity increase Indian industry instance interests intermediaries investment Kano Kilby labor large number LDCs less developed countries less developed world major Malaysia manufacturing market-clearing Marketing Board measures ment merchants monopoly monopsony Moreover Nigeria nomic official Oil Palm operation organization output overpayments palm oil percent policies political poor population growth price control producer prices profits purchases rates reason recipient reduce restrictions result rubber scheme situation social societies Southeast Asia statistics subsidies sumers supply tertiary production theory Third World tion transport underdeveloped wage regulation West Africa Western
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