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In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
Conflict economics sheds a different light on appropriation. It is set in a model of contest between two players. Conflict economics introduces the idea that agents have to decide between production of resources and production of guns, i.e. tools that have the sole purposes of appropriating the resources produced by the other player. Different ...
As government statistics showed butter rising by up to 1.9% weekly in late October, the same channel warned of an "Armageddon with butter" and said Russia could see a repeat of its 40% egg-price ...
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The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy. The great Russian butter robbery—and ...
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. [2] The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the ...
Earlier, Richland County Council said “no” to a tax break for a gun-maker’s expansion. But this week, just four days after a mass shooting in the county, they made the deal after all. Here ...
The second is related to standard Macro-growth theory, the guns/butter model is based on a stagnant economyGDP is based on consumption + investment/savings + government spending + net exports.....if GDP is going up, government spending can also go up without having any sort of affect on "butter" for the civilians (which, in a free market ...