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What weakness of global capitalism did the 1973 oil crisis show?

Answer and explanation

Correct answer: External shocks in energy supply can destabilize the economy

The oil crisis showed the relation between energy security and inflation. For exams connect it with OPEC and resource politics.

Related tags

Oil-CrisisEnergy-SecurityGlobal-EconomyImportant Historical EventsWorld HistoryGeneral KnowledgeClass 10 Mcq

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