Search results
Results From The WOW.Com Content Network
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
A grassroots movement is one that uses the people in a given district, region or community as the basis for a political or continent movement. [1] Grassroots movements and organizations use collective action from volunteers at the local level to implement change at the local, regional, national, or international levels. Grassroots movements are ...
A good economic theory should be built on sound economic principles tested on many free markets, and proven to be valid. However, empirical facts have been alleged to indicate that the principles of economics hold only under very limited conditions that are rarely met in real life, and there is no scientific testing methodology available to ...
For most of our history, Americans have experienced rapid economic growth and therefore upward absolute mobility. Over the last generation, however, economic growth has slowed without evidence of an offsetting increase in relative mobility. Between 1947 and 1973, the typical family‟s income roughly doubled.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions.
The economic activities of Bantu states in the region largely reflected the resources of the area and the economic traditions of the inhabitants. For example, the economic power of the Rozwi Empire was based on cattle wealth and farming, with significant gold mining. They established trade with Arab traders, in which materials such as gold ...
There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of ...
Grassroots democracy is a key component of libertarian socialist political philosophies, which, for various reasons, advocate putting firms under the control of local communities or councils. For example, eco-socialists argue that firms should be controlled by the group of people whose ecosystem is directly affected by that firm's activity.