Search results
Results From The WOW.Com Content Network
Bernardo Malvar Villegas (born March 12, 1939) is a Filipino economist and writer best known for being one of the framers of the 1987 Philippine Constitution, [1] [2] for authoring a number of widely used Philippine economics textbooks, [3] and for his role in the founding of two influential Philippine business organizations, the Center for Research and Communication [4] and the Makati ...
PLM – Pamantasan ng Lungsod ng Maynila; PLV – Pamantasan ng Lungsod ng Valenzuela; PLMUN – Pamantasan ng Lungsod ng Muntinlupa; PNC – Pamantasan ng Cabuyao; PNHS – Plaridel National High School; PCC – Philippine Cultural College; PUP – Polytechnic University of the Philippines; RCC – Republic Central Colleges; RSHS – Regional ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
There are two main standards of thought on economic efficiency, which respectively emphasize the distortions created by governments (and reduced by decreasing government involvement) and the distortions created by markets (and reduced by increasing government involvement).
The merchant is not a source of wealth, however. The Physiocrats believed that “neither industry nor commerce generates wealth.” [2] A “plausible explanation is that the Physiocrats developed their theory in light of the actual situation of the French economy…” [2] France was an absolute monarchy with the land owners constituting 6-8% of the population and owning 50% of the land.
The couple took most of Justin’s original artwork with them Jan. 7 as smoke and ember clouded the sky. Left behind, though, was so much more, like antiques belonging to Toler Carr’s mother.
A supply schedule is a table which shows how much one or more firms will be willing to supply at particular prices under the existing circumstances. [1] Some of the more important factors affecting supply are the good's own price, the prices of related goods, production costs, technology, the production function, and expectations of sellers.