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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 ...
It is best known for the idea of the invisible hand, although this idea is only mentioned once in the book. [1]: 43, 47 Smith was critical of the "vile maxim" of the "masters of mankind", all for themselves and nothing for other people. The Butcher, the Baker, and the Brewer provide goods and services to each other out of self-interest; the ...
Also apophthegm. A terse, pithy saying, akin to a proverb, maxim, or aphorism. aposiopesis A rhetorical device in which speech is broken off abruptly and the sentence is left unfinished. apostrophe A figure of speech in which a speaker breaks off from addressing the audience (e.g., in a play) and directs speech to a third party such as an opposing litigant or some other individual, sometimes ...
A chapter (capitula in Latin; sommaires in French) is any of the main thematic divisions within a writing of relative length, such as a book of prose, poetry, or law. A book with chapters (not to be confused with the chapter book) may have multiple chapters that respectively comprise discrete topics or themes. In each case, chapters can be ...
Feminist economics –critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis; Financial economics –branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade"
Many authors will use quotations from literature as the title for their works. This may be done as a conscious allusion to the themes of the older work or simply because the phrase seems memorable. The following is a partial list of book titles taken from literature. It does not include phrases altered for parody.
Chapter 1, "The Lesson", explains that economics is a field filled with fallacies because of the difficulties inherent in the subject and the special pleading of selfish interests. [3] Every group has economic interests antagonistic to other groups.
The Fool in the 1988 book Wyrd Sisters by Terry Pratchett; Fop: A pejorative character in English literature and especially comic drama, as well as satirical prints, the fop is a foolish "man of fashion" who overdresses, aspires to wit, and puts on airs. He may also overdo being fashionably French by wearing French clothes and using French words.