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Economic abuse is a common feature of mate crime, which is the act of befriending a vulnerable person with the intent of exploiting them. Examples of economic abuse in mate crime include: [8] Stealing the victim's money; Borrowing money or items from the victim with no intention of repayment or return
Economic Violence is a form of structural violence in which specific groups of people are deprived of critical economic resources. Bandy X. Lee, a psychiatrist and scholar on the subject of violence, asserts that such economic impediments are among the "avoidable limitations that society places on groups of people [which] constrain them from meeting their basic needs and achieving the quality ...
Financial compensation refers to the act of providing a person with money or other things of economic value in exchange for their goods, labor, or to provide for the costs of injuries that they have incurred. The aim of financial compensation is the preservation of relationships between those engaged in economic exchange. [1]
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 ...
A victim of harm, commonly called the injured party or plaintiff, can recover their losses as damages in a lawsuit. To prevail, the plaintiff in the lawsuit must generally show that the tortfeasor's actions or lack of action was the proximate cause of the harm, though the specific requirements vary between jurisdictions.
Conflict economics is a branch of economics that puts the allocation of resources by means of violent fighting, i.e. conflict, into economic models. In traditional economics, appropriation is a non-violent process that is guaranteed by perfect property rights and their costless enforcement. [ 1 ]
Victims also have the right to oppose a judge in their decision on a request for dismissal and may engage their own counsel if necessary. [87] Victims who have died as a result of a crime may have their rights exercised by close relatives of the victim. [88] Victims are entitled to compensation depending on the nature and severity of the crime.
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".