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2,4-Dichlorophenoxyacetic acid is an organic compound with the chemical formula Cl 2 C 6 H 3 OCH 2 CO 2 H.It is usually referred to by its ISO common name 2,4-D. [4] It is a systemic herbicide that kills most broadleaf weeds by causing uncontrolled growth, but most grasses such as cereals, lawn turf, and grassland are relatively unaffected.
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority.
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
Much of classical economics can be presented in simple geometric terms or elementary mathematical notation. Mathematical economics, however, conventionally makes use of calculus and matrix algebra in economic analysis in order to make powerful claims that would be more difficult without such mathematical tools. These tools are prerequisites for ...
Tucker derided profit as antithetical to free competition and criticised capitalism for "abolishing the free market", arguing that a truly free market was governed only by the cost of production. [ 81 ] At the center of his anti-capitalist critique were what he called the "Four Monopolies": [ 82 ] that of money , land , tariffs and patents .
Computational economics is an interdisciplinary research discipline that combines methods in computational science and economics to solve complex economic problems. [1] This subject encompasses computational modeling of economic systems .
Average mortgage rates remain high across popular terms as of Friday, December 27, 2024, ending a quiet holiday week of consistent increases that have set borrowing costs for the 30-year benchmark ...
In the 1960s Gary Becker (1930–2014) and Jacob Mincer (1922–2006) of the Chicago School of Economics founded New Home Economics, which spawned Family Economics. In 1973 Coase disciple Richard Posner (1939–) published Economic Analysis of Law , which became a standard textbook, causing him to become the most cited legal scholar of the 20th ...