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  2. Private Attorneys General Act - Wikipedia

    en.wikipedia.org/wiki/Private_Attorneys_General_Act

    PAGA's purpose is not to recover damages or receive restitution, but rather to allow citizens to act as private attorneys general and enforce the Labor Code. [2] Because PAGA suits are fundamentally law enforcement actions, aggrieved employees must notify the Labor and Workforce Development Agency (LWDA)—the state agency that enforces ...

  3. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    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".

  4. Economic methodology - Wikipedia

    en.wikipedia.org/wiki/Economic_methodology

    the definition of economics [2] the scope of economics as defined by its methods [3] fundamental principles and operational significance of economic theory [4] methodological individualism versus holism in economics [5] the role of simplifying assumptions such as rational choice and profit maximizing in explaining or predicting phenomena [6]

  5. The battle brewing over California workers' unique right to ...

    www.aol.com/news/battle-brewing-over-california...

    A business-backed ballot initiative would hurt workers, labor researchers say. But proponents say lawsuits don't help workers and hurt small businesses and nonprofits.

  6. Definitions of economics - Wikipedia

    en.wikipedia.org/wiki/Definitions_of_economics

    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 ...

  7. In Congress, what’s the difference between a budget ... - AOL

    www.aol.com/news/congress-difference-between...

    There’s understandable confusion over Capitol Hill lingo discussing the budget process and appropriations and spending process — which are two distinct things. This is the process that ...

  8. Swan diagram - Wikipedia

    en.wikipedia.org/wiki/Swan_diagram

    In economics, a Swan Diagram, also known as the Australian model (because it was originally published by Australian economist Trevor Swan [1] in 1956 to model the Australian economy during the Great Depression), represents the situation of a country with a currency peg.

  9. Economic efficiency - Wikipedia

    en.wikipedia.org/wiki/Economic_efficiency

    Microeconomic reform is the implementation of policies that aim to reduce economic distortions via deregulation, and move toward economic efficiency. However, there is no clear theoretical basis for the belief that removing a market distortion will always increase economic efficiency.