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Meaning of glazier's fallacy | Babel Free

Noun CEFR B2

Definitions

The notion that destruction is good for an economy because it stimulates demand for goods and services. It is generally held to be a fallacy because there is no net benefit macroeconomically, no matter how much money some particular businesses may make.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

glazier's point glazier's putty Glaziers Glaziers Bay glaziery glaziness

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