Search results
Results from the WOW.Com Content Network
The term may be applied to the budget of a government, private company, or individual. budget set. Also called an opportunity set. The set of all possible consumption bundles that an individual can afford, given the prices of goods and the individual's income level. The budget set is bounded above by the budget line. Graphically speaking, all ...
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
A platoon leader or platoon commander (more common in Commonwealth militaries and the US Marine Corps) is the officer in charge of a platoon. This person is usually a junior officer – a second or first lieutenant or an equivalent rank. The officer is usually assisted by a platoon sergeant.
One example of this is the Modular Ammunition Platoon, where the ammunition technician acts as the second-in-command during the absence of the platoon leader. While the experience gained as an XO is highly beneficial for an army officer's professional development, it is not necessarily a prerequisite for a command position.
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
For premium support please call: 800-290-4726 more ways to reach us
The term is also commonly used to describe the false belief that increasing labour productivity, automation, immigration, or women's participation in the workforce causes an increase in unemployment. The facts show that just like the amount of labor is not fixed, neither is the size of the economy (fixed pie fallacy) and as more work is done ...
The phrase can be traced back to Vladimir Lenin's defense of the New Economic Policy (NEP), which saw market-oriented reforms while the state retained control of the commanding heights. Lenin used the military metaphor to justify NEP, proposing that free markets could be permitted so as long as the government retained control of certain ...