Search results
Results From The WOW.Com Content Network
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 ...
End-of-life (product), a term used with respect to terminating the sale or support of goods and services; End-of-life care, medical care for patients with terminal illnesses or conditions that have become advanced, progressive and incurable; End of Life Vehicles Directive, European Community legislation; Death, the irreversible ending of ...
Robbins is noted as a free market economist, and for his definition of economics. The definition appears in the Essay by Robbins as: "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." [5] Robbins found that four conditions were necessary to support this ...
The New Human Rights Movement: Reinventing the Economy to End Oppression by Peter Joseph; Peoples' Capitalism: The Economics of the Robot Revolution by James Albus; Post-Scarcity Anarchism by Murray Bookchin; Trekonomics: The Economics of Star Trek by Manu Saadia; The Zeitgeist Movement Defined: Realizing a New Train of Thought by Peter Joseph ...
His words may have secured the money market. George W. Bush uttered 'the 10 most important words in the history of economics' during the 2008 financial crisis, Warren Buffett says — here's how ...
In economics and industrial design, planned obsolescence (also called built-in obsolescence or premature obsolescence) is the concept of policies planning or designing a product with an artificially limited useful life or a purposely frail design, so that it becomes obsolete after a certain predetermined period of time upon which it ...
Merriam-Webster's Dictionary named the word austerity as its "Word of the year" for 2010 because of the number of web searches this word generated that year. According to the president and publisher of the dictionary, " austerity had more than 250,000 searches on the dictionary's free online [website] tool" and the spike in searches "came with ...
In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.