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If no policy were adopted, investors would have no particular incentive to invest in technologies which would help the climate change situation as normal capitalturnover occurred.
This is hardly surprising since a slower path allows for a more natural rate of capitalturnover, takes advantage of technical progress, and recognizes the time value of money.
The capitalturnover of this firm had expanded by three times in a period of four years, and its labour force was rapidly increasing.
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