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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 ...
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 ...
Separately, game theory has played a role in online algorithms; in particular, the k-server problem, which has in the past been referred to as games with moving costs and request-answer games. [125] Yao's principle is a game-theoretic technique for proving lower bounds on the computational complexity of randomized algorithms , especially online ...
By 2012, fewer editors were becoming administrators compared to Wikipedia's earlier years, in part because the process of vetting potential administrators had become more rigorous. [101] In 2022, there was a particularly contentious request for adminship over the candidate's anti-Trump views; ultimately, they were granted adminship.
Influenced by Keynes, economics texts in the immediate post-war period put a significant emphasis on balance in trade. For example, the second edition of the popular introductory textbook, An Outline of Money, [69] devoted
The philosophical pursuit of wisdom involves asking general and fundamental questions. It often does not result in straightforward answers but may help a person to better understand the topic, examine their life, dispel confusion, and overcome prejudices and self-deceptive ideas associated with common sense. [13]
The successful student, according to Snyder, was the one who was able to discern which of the formal requirements were to be ignored in favor of which unstated norms. For example, organized student groups had compiled "course bibles"—collections of problem-set and examination questions and answers for later students to use as references. This ...
[290] [291] India is the world's second-largest arms importer; between 2016 and 2020, it accounted for 9.5% of the total global arms imports. [292] Much of the military expenditure was focused on defence against Pakistan and countering growing Chinese influence in the Indian Ocean. [293]