ECONOMIC SURVEY 2012 HIGHLIGHTS

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ECONOMIC SURVEY 2012 HIGHLIGHTS

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When the majority is very large compared to the minority - in the United States whites are nine times as numerous and have much more human and physical capital per capita than blacks - market discrimination by the majority hardly lowers their incomes, but may greatly reduce the incomes of the minority. However, when minority members are a sizable fraction of the total, discrimination by the majority injures them as well.

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