Ad
related to: use economic models to explain how different people are treated
Search results
Results From The WOW.Com Content Network
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]
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.
Pure altruism in economic models represents an agent's concern on other's well-being. A person exhibits altruistic preference if this person's utility increases with other's payoff. [ 36 ] [ 37 ] A related economic model is impure altruism, or warm-glow, where individuals feel good (i.e. gain a "warm-glow" utility) from doing something good ...
Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. . Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the populati
Status hierarchies depend primarily on the possession and use of status symbols. These are cues or characteristics that people in a society agree indicate how much status a person holds and how they should be treated. [10] Such symbols can include the possession of valued attributes, like being beautiful or having a prestigious degree.
Still, some economist models conclude - implausibly, say the critics - that by the turn of the century, warming will cause less harm to the Economic models buckle under strain of climate reality ...
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.
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.