Search results
Results From The WOW.Com Content Network
The circular economy is an economic concept often linked to sustainable development, provision of the Sustainable Development Goals (Global Development Goals), and an extension of a green economy. [citation needed] Other definitions and precise thresholds that separate linear from circular activity have also been developed in the economic ...
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 ...
It is suggested that modern mainstream economics is based entirely on DSGE models. [10] [5] Therefore, the importance of microfoundations lies in its synonymous relationship with DSGE. [11] The Smets-Wouters model is one example of the importance of microfoundations as it is regarded as a benchmark model for analysing monetary and fiscal policy ...
In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2] He justified this view by considering to whom a company and its executives are beholden: In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He ...
"Solidarity economy" was used as an economic organizing concept as early as 1937, when Felipe Alaiz advocated for the development of economic solidarity among worker collectives in urban and rural areas during the Spanish Civil War [7] It emerged more widely as a term in Latin America over the past twenty years in response to community and worker demands to expand forms of social inclusion and ...
Collective responsibility or collective guilt, is the responsibility of organizations, groups and societies. [1] [2] Collective responsibility in the form of collective punishment is often used as a disciplinary measure in closed institutions, e.g., boarding schools (punishing a whole class for the actions of one known or unknown pupil), military units, prisons (juvenile and adult ...
The Ramsey problem, or Ramsey pricing, or Ramsey–Boiteux pricing, is a second-best policy problem concerning what prices a public monopoly should charge for the various products it sells in order to maximize social welfare (the sum of producer and consumer surplus) while earning enough revenue to cover its fixed costs.
Organizational economics is primarily concerned with the obstacles to coordination of activities inside and between organizations (firms, alliances, institutions, and market as a whole). Organizational economics is known for its contribution to and its use of: