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Laissez-faire (/ ˌ l ɛ s eɪ ˈ f ɛər / LESS-ay-FAIR, from French: laissez faire [lɛse fɛːʁ] ⓘ, lit. ' let do ') is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations).
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 ...
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
French uses the capital É, because the use of a capital letter alters the meaning of the word (État: a State, as in a country; état: a state of being). It also cannot be shortened as coup as is often the case in English- because this literally means a "hit" in French, but can be used figuratively to mean many more things.
The nationalist Conservative People's Party of Estonia has debated that the Treaty of Tartu must be included in the border treaty with Russia, being the treaty that legally established Estonia's independence and it's borders, and that there is no political, economic or any other reasons for Estonia to ratify renouncing it's claim over these ...
These tendencies could in theory lead to longer-term economic benefits (which may cause GDP growth). [8] [11] There is some evidence that geological disasters do more economic harm than climate-related disasters, in the long term. Geological disasters, such as landslides and earthquakes, happen with little immediate warning and kill many people ...
Imagine there's a game where one person is placed in a room and assigned the role of the "sender." A second person in a different room is assigned the role of "receiver." The sender is given $20 ...
Dirigisme or dirigism (from French diriger 'to direct') is an economic doctrine in which the state plays a strong directive (policies) role, contrary to a merely regulatory or non-interventionist role, over a market economy. [1]