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The Vinča Institute of Nuclear Sciences is a nuclear physics research institution near Belgrade, Serbia. [4] Since its founding, the institute has also conducted research in the fields in physics, chemistry and biology.
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
General Systems Theory (GST) laid the foundation to systemic thinking. Ludwig Von Bertalanffy was known as the founder of the original principles of GST. [1] Prior to 1968, when GST was introduced in Bertalanffy’s book, General System Theory: Foundations, Development, Applications, the traditional approach to development used linear thinking or cause-and-effect thinking.
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 ...
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Agent-based computational economics (ACE) is the area of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents. As such, it falls in the paradigm of complex adaptive systems. [1]
Developmentalism is an economic theory which states that the best way for less developed economies to develop is through fostering a strong and varied internal market and imposing high tariffs on imported goods.
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behavior. Its original focus lay in Thorstein Veblen 's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other.