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Topic 895 - The following appeared as an editorial in one of Coleville's city newspapers. "Even though a high percentage of Coleville City's businesses failed last year, we who live in Coleville City should keep in mind the fact that the Coleville region has attracted a great many new businesses over the last three years. It is well known that new businesses are, on average, much more likely to fail than are long-established ones, so the business failures should not be considered a sign of poor economic health. Indeed, many analysts regard the presence of a significant number of new companies among a region's businesses as a sign of economic health. Thus Coleville City appears to be in good, not poor, economic shape. " Discuss how well reasoned you find this argument.

October 15, 2016