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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 ...
An example of social inertia in the culture of the United States is the culture of honor which exists in parts of the South and West. In the culture of honor, violence is seen as an acceptable way of responding to insults or threats to a person's self, family, property, or reputation.
"Calling someone socially inept is a criticism and can be insulting, especially if the person is unaware of their social struggles," says Dr. Michele Goldman, Ph.D., a psychologist and Hope for ...
Their ability to reap a revenue solely from ownership of land tends to make them indolent and inept, and so they tend to be unable to even look after their own economic interests" [113] and that "[t]he increase in population should increase the demand for food, which should increase rents, which should be economically beneficial to the landlords".
The LTV and the accompanying theory of exploitation became central to his economic thought. 19th century American individualist anarchists based their economics on the LTV, with their particular interpretation of it being called "Cost the limit of price". They, as well as contemporary individualist anarchists in that tradition, hold that it is ...
This page was last edited on 31 March 2011, at 03:32 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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".
[1] [2] As a materialist philosophy, Marxist dialectics emphasizes the importance of real-world conditions and the presence of functional contradictions within and among social relations, which derive from, but are not limited to, the contradictions that occur in social class, labour economics, and socioeconomic interactions. [3]