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Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
Glossary of economics; List of accounting topics; List of business law topics; List of business theorists; List of community topics; List of economic communities; List of economic reports by U.S. government agencies; List of free trade agreements; List of international trade topics; List of management topics; List of marketing topics; List of ...
Importance: The book built on ordinal utility and mainstreamed the now-standard distinction between the substitution effect and the income effect for an individual in demand theory in the 2-good case. It generalized analysis to the case of one good and all other goods, that is, the composite good. It aggregated individuals and businesses ...
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 ...
The goal of this project is to provide a forum for discussion of economics articles and topics, and through discussion, provide guidelines for articles related to the field of economics. The vision of this project is to improve every economics article substantially so that every article reaches the level of quality of a Featured Article.
Macroeconomics is traditionally divided into topics along different time frames: the analysis of short-term fluctuations over the business cycle, the determination of structural levels of variables like inflation and unemployment in the medium (i.e. unaffected by short-term deviations) term, and the study of long-term economic growth.
A majority of American workers report being satisfied with their jobs, but the cost of living and higher pay are still top concerns, according to an EIG survey.
Ecological economics was founded in the works of Kenneth E. Boulding, Nicholas Georgescu-Roegen, Herman Daly and others. The disciplinary field of ecological economics also bears some similarity to the topic of green economics. [91] According to ecological economist Malte Faber, ecological economics is defined by its focus on nature, justice ...