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  2. List of important publications in economics - Wikipedia

    en.wikipedia.org/wiki/List_of_important...

    Description: In this book, Keynes put forward a theory based upon the notion of aggregate demand to explain variations in the overall level of economic activity, such as were observed in the Great Depression. The total income in a society is defined by the sum of consumption and investment; and in a state of unemployment and unused production ...

  3. Robinson Crusoe economy - Wikipedia

    en.wikipedia.org/wiki/Robinson_Crusoe_economy

    The implicit assumption is that the study of a one agent economy will provide useful insights into the functioning of a real world economy with many economic agents. This article pertains to the study of consumer behaviour, producer behaviour and equilibrium as a part of microeconomics. In other fields of economics, the Robinson Crusoe economy ...

  4. Production (economics) - Wikipedia

    en.wikipedia.org/wiki/Production_(economics)

    In an economic market, production input and output prices are assumed to be set from external factors as the producer is the price taker. Hence, pricing is an important element in the real-world application of production economics. Should the pricing be too high, the production of the product is simply unviable.

  5. List of largest producing countries of agricultural commodities

    en.wikipedia.org/wiki/List_of_largest_producing...

    Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat. Products with more evenly distributed production see more frequent changes in the ranking of the top producers.

  6. Economic system - Wikipedia

    en.wikipedia.org/wiki/Economic_system

    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.

  7. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".

  8. Simple commodity production - Wikipedia

    en.wikipedia.org/wiki/Simple_commodity_production

    Typically, previously independent producers on the land (but also serfs and indentured labourers etc.) are proletarianised and migrate to the urban centres, in search of work from an employer. Simple commodity production nevertheless continues to occur on a large scale in the world economy, particularly in peasant production. It also persists ...

  9. Foundations of Real-World Economics - Wikipedia

    en.wikipedia.org/wiki/Foundations_of_Real-World...

    Foundations of Real-World Economics: What Every Economics Student Needs to Know is a 2019 book by John Komlos [1] in which the author argues that the turbulence of the 21st century, including the Dot-Com bubble, the 2008 financial crisis, the rise of right-wing populism, covid-pandemic, and numerous wars, cannot be adequately understood with conventional 20th-century economic thinking.