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India is the first and only country to explicitly adopt scientific temper in its constitution. [14] [15] In the forty-second amendment in 1976, Article 51 A(h) was added under the Fundamental Duties that states:
The Essay has been described as different from earlier writings on economic methodology in generating a range of tightly argued, radical implications from a simple definition, for example in admitting an aspect of behaviour (rather than a list of behaviours) but not limiting the subject-matter of economics, provided that the influence of ...
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.
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 ...
In economics, economic equilibrium is a situation in which the economic forces of supply and demand are balanced, meaning that economic variables will no longer change. [ 1 ] Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal ...
Disequilibrium macroeconomics is a tradition of research centered on the role of deviation from equilibrium in economics.This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market clearing approach, and non-tâtonnement theory. [1]
The Economics (Ancient Greek: Οἰκονομικά; Latin: Oeconomica) is a work ascribed to Aristotle. Most modern scholars attribute it to a student of Aristotle or of his successor Theophrastus .
Any irreducible tempered representation is a basic representation, and conversely any basic representation is the sum of a finite number of irreducible tempered representations. More precisely, it is a direct sum of 2 r irreducible tempered representations indexed by the characters of an elementary abelian group R of order 2 r (called the R ...