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Some examples of these are the ammunition dump and oil depot. Likewise, the military procurement process has much different criteria than the normal business procurement process. [ citation needed ] Military needs call for reliability of supply during both peace and war, as compared to price and technological factors.
Keynesian economics advocates the use of automatic and discretionary countercyclical policies to lessen the impact of the business cycle. One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the ...
[clarification needed] [3] A counterforce target is distinguished from a countervalue target, which includes an adversary's population, knowledge, economic, or political resources. [1] In short, a counterforce strike is directed against an adversary's military capabilities, while a countervalue strike is directed against an adversary's civilian ...
The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ( [2] 1960 ...
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 ...
The Principles of War are a part of United States Army doctrine. The current doctrinal manual for army operations is FM 3–0 Operations, which defines, and describes, economy of force as follows: "Allocate minimum essential combat power to secondary efforts. Economy of force is the reciprocal of mass.
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Counter-economics is the study of the Counter-Economy and its practices. The Counter-Economy includes the free market, the Black Market, the "underground economy," all acts of civil and social disobedience, all acts of forbidden association (sexual, racial, cross-religious), and anything else the State, at any place or time, chooses to prohibit ...