Search results
Results from the WOW.Com Content Network
Fertility rates must level off to the replacement rate (the net reproduction rate should be 1). If the fertility rate remains higher than the replacement rate, the population would continue to grow. 2. Mortality rate must stop declining, that is, it must remain constant. 3. Lastly, the age structure must adjust to the new rates of fertility and ...
The exchange rate disconnect puzzle: The exchange rate disconnect puzzle, also one of the so-called real exchange rate puzzles, concerns the weak short-term feedback link between exchange rates and the rest of the economy. In most economies, the exchange rate is the most important relative price, so it is surprising, and thus far unexplained ...
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 ...
Under the standard assumption of neoclassical economics that goods and services are continuously divisible, the marginal rates of substitution will be the same regardless of the direction of exchange, and will correspond to the slope of an indifference curve (more precisely, to the slope multiplied by −1) passing through the consumption bundle in question, at that point: mathematically, it ...
In 20th-century discussions of Karl Marx's economics, the transformation problem is the problem of finding a general rule by which to transform the "values" of commodities (based on their socially necessary labour content, according to his labour theory of value) into the "competitive prices" of the marketplace.
In demography, replacement migration is a theory of migration needed for a region to achieve a particular objective (demographic, economic or social). [1] Generally, studies using this concept have as an objective to avoid the decline of total population and the decline of the working-age population.
The general definition of the elasticity of X with respect to Y is = % % , which reduces to = for infinitesimal changes and differentiable variables. The elasticity of substitution is the change in the ratio of the use of two goods with respect to the ratio of their marginal values or prices.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...