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Circulation model of economic flows for a closed market economy.In this model the use of natural resources and the generation of waste (like greenhouse gases) is not included.
The economy of Indonesia is a mixed economy with dirigiste characteristics, [31] [32] and it is one of the emerging market economies in the world and the largest in Southeast Asia.
Economics can be described as all of the following: Academic discipline – body of knowledge given to, or received by, a disciple (); a branch or sphere of knowledge, or field of study, that an individual has chosen to specialize in.
The Solow–Swan model or exogenous growth model is an economic model of long-run economic growth.It attempts to explain long-run economic growth by looking at capital accumulation, labor or population growth, and increases in productivity largely driven by technological progress.
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services.In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3]
The Association of Southeast Asian Nations, [d] commonly abbreviated as ASEAN, [e] is a political and economic union of 10 states in Southeast Asia.Together, its member states represent a population of more than 600 million people and land area of over 4.5 million km 2 (1.7 million sq mi). [14]
Calculation in kind; Collective ownership; Cooperative; Common ownership; Critique of political economy; Economic democracy; Economic planning; Equal liberty
Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries.