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  2. Car crusher - Wikipedia

    en.wikipedia.org/wiki/Car_crusher

    A car crusher also appears in the video games Grand Theft Auto 2 where it generates power-ups depending on car model and is also used in an assassination mission. It also appears in Grand Theft Auto III , Grand Theft Auto: Liberty City Stories and Mafia II where the player can make money from stealing cars and taking them to the crusher.

  3. Simulations and games in economics education - Wikipedia

    en.wikipedia.org/wiki/Simulations_and_games_in...

    A simulation game is "a game that contains a mixture of skill, chance, and strategy to simulate an aspect of reality, such as a stock exchange".Similarly, Finnish author Virpi Ruohomäki states that "a simulation game combines the features of a game (competition, cooperation, rules, participants, roles) with those of a simulation (incorporation of critical features of reality).

  4. Dollar auction - Wikipedia

    en.wikipedia.org/wiki/Dollar_auction

    The game is a type of bidding fee auction which is a discrete version of the war of attrition. Like these games, the dollar auction has a symmetric mixed strategy equilibrium (there are also asymmetric pure equilibria). Suppose we start with two players; player 1 moves in odd periods, while player 2 moves in even periods.

  5. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    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 ...

  6. Vehicle recycling - Wikipedia

    en.wikipedia.org/wiki/Vehicle_recycling

    Crushed vehicles ready for transportation to a steel mill in the US. Vehicle recycling or automobile scrapping is the dismantling of vehicles for spare parts.At the end of their useful life, vehicles have value as a source of spare parts and this has created a vehicle dismantling industry.

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  8. 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".

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