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The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, the costs and benefits of language planning options, the preservation of minority languages, etc. [1] [2] It is relevant to analysis of language policy.
The economy principle in linguistics, also known as linguistic economy, is a functional explanation of linguistic form. It suggests that the organization of phonology, morphology, lexicon and syntax is fundamentally based on a compromise between simplicity and clarity, two desirable but to some extent incompatible qualities.
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 ...
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
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".
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 ...
A language that uniquely represents the national identity of a state, nation, and/or country and is so designated by a country's government; some are technically minority languages. (On this page a national language is followed by parentheses that identify it as a national language status.) Some countries have more than one language with this ...
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services.In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3]