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The merchant is not a source of wealth, however. The Physiocrats believed that “neither industry nor commerce generates wealth.” [2] A “plausible explanation is that the Physiocrats developed their theory in light of the actual situation of the French economy…” [2] France was an absolute monarchy with the land owners constituting 6-8% of the population and owning 50% of the land.
Tanggol Wika or Alyansa ng Mga Tagapagtanggol ng Wikang Filipino (Alliance of Defenders of the Filipino Language) is a Philippine-based organization founded in 2014 in an assembly of more than 300 professors, students, writers and cultural activists at the De La Salle University-Manila, as a response to the abolition of formerly mandatory Filipino language subjects in Philippine colleges and ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
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 predecessor of the Buwan ng Wika was the Linggo ng Wika ('Language Week'), which was established by President Sergio Osmeña through Proclamation No. 35 in 1946. From 1946 to 1953, the Linggo ng Wika was celebrated annually from March 27 to April 2. The end date was selected due to being the birthday of Tagalog litterateur Francisco ...
Economic equity 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 population.
Filipino (English: / ˌ f ɪ l ə ˈ p iː n oʊ / ⓘ FIL-ə-PEE-noh; [1] Wikang Filipino, [ˈwikɐŋ filiˈpino̞]) is the national language (Wikang pambansa / Pambansang wika) of the Philippines, the main lingua franca (Karaniwang wika), and one of the two official languages (Wikang opisyal/Opisyal na wika) of the country, along with English. [2]
Nicholas Gregory Mankiw (/ ˈ m æ n k j uː / MAN-kyoo; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. [4] Mankiw is best known in academia for his work on New Keynesian economics. [5] Mankiw has written widely on economics and economic policy.