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Economic discrimination is discrimination based on economic factors. These factors can include job availability, wages, the prices and/or availability of goods and services, and the amount of capital investment funding available to minorities for business. This can include discrimination against workers, consumers, and minority-owned businesses.
An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes. Frequently, economic models posit structural parameters. [1]
Models of disability are analytic tools in disability studies used to articulate different ways disability is conceptualized by individuals and society broadly. [1] [2] Disability models are useful for understanding disagreements over disability policy, [2] teaching people about ableism, [3] providing disability-responsive health care, [3] and articulating the life experiences of disabled people.
Statistical discrimination is a theorized behavior in which group inequality arises when economic agents (consumers, workers, employers, etc.) have imperfect information about individuals they interact with. [1] According to this theory, inequality may exist and persist between demographic groups even when economic agents are rational.
Schelling's model of segregation is an agent-based model developed by economist Thomas Schelling. [1] [2] Schelling's model does not include outside factors that place pressure on agents to segregate such as Jim Crow laws in the United States, but Schelling's work does demonstrate that having people with "mild" in-group preference towards their own group could still lead to a highly segregated ...
A pro-marriage equality rally in San Francisco, US Equality symbolSocial equality is a state of affairs in which all individuals within society have equal rights, liberties, and status, possibly including civil rights, freedom of expression, autonomy, and equal access to certain public goods and social services.
Or, the model may omit issues that are important to the question being considered, such as externalities. Any analysis of the results of an economic model must therefore consider the extent to which these results may be compromised by inaccuracies in these assumptions, and there is a growing literature debunking economics and economic models.
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. [1]The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can improve social welfare.