Search results
Results from the WOW.Com Content Network
Thus in the golf course example, both the recreation and the negative impacts from deforestation, associated habitat and biodiversity loss, and pesticide toxicity would be estimated across those generations and some amortization applied to determine whether the golf course was a public benefit or a public bad from the point of view of that ...
The trickle-up effect states that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will "trickle up" throughout the population. [1] It is the opposite of trickle-down economics.
Unemployment is an example of a countercyclical variable. [4] Similarly, business failures and stock market prices tend to be countercyclical. In finance, an asset that tends to do well while the economy as a whole is doing poorly is referred to as countercyclical, and could be for example a business or a financial instrument whose value is ...
For example, if the number of new airlines departing from and arriving at the airport is the same, the economic contribution to the host city may be a zero-sum game. Because for Hong Kong, the consumption of overseas tourists in Hong Kong is income, while the consumption of Hong Kong residents in opposite cities is outflow.
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
An example can be free public education offered by the government. [1] Students become smarter, gain knowledge and experience. This leads to more educated population, which can move out to the other countries. Negative Spillover. Negative spillover is the opposite of positive spillover, meaning unwanted social, political, and economic impacts.
In this sense the meaning "opportunism" has mutated: from those who claimed to advocate a principle (in the original French case, an amnesty for the Communards) but said that the time was not yet "opportune", to what may be thought of as the opposite – those who act without principle.
For example, consider national defence, a standard example of a pure public good. Suppose Homo economicus thinks about exerting some extra effort to defend the nation. The benefits to the individual of this effort would be very low, since the benefits would be distributed among all of the millions of other people in the country.