Explain tragic waste of human and economic resources


The Australian Medical Association (AMA) once called for an immediate 20% cut in medical student intakes to halt what they alleged was a growing oversupply of doctors. "It is a tragic waste of human and economic resources to spend six years training men and women for jobs that will not be needed" said the AMA President. Do you agree with the AMA? Why or why not?

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Microeconomics: Explain tragic waste of human and economic resources
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