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Allan Kneese in "The Economics of Natural Resources" indicates how resources are not endlessly renewable, and mentions the term circular economy for the first time explicitly in 1988. [ 40 ] In their book Economics of Natural Resources and the Environment , Pearce and Turner explain the shift from the traditional linear or open-ended economic ...
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
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 ...
Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .
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Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor ...
In a separate case involving the FDA, the Supreme Court on Dec. 2 is set to hear arguments over the agency's denial of applications to sell flavored vape products. (Reporting by John Kruzel ...