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[2] [3] The film follows three aspiring filmmakers who set out to make a film for the sole purpose of receiving international recognition and awards. The Woman in the Septic Tank was submitted as the Philippines' official entry for the 2011 Academy Awards for Best Foreign Film, and was an entry for the 2011 Cinemalaya Festival . [ 4 ]
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 merchant is not a source of wealth, however. The Physiocrats believed that “neither industry nor commerce generates wealth.” [2] A “plausible explanation is that the Physiocrats developed their theory in light of the actual situation of the French economy…” [2] France was an absolute monarchy with the land owners constituting 6-8% of the population and owning 50% of the land.
Equity, or economic equality, is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. . Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the populati
In the philosophy of economics, economics is often divided into positive (or descriptive) and normative (or prescriptive) economics.Positive economics focuses on the description, quantification and explanation of economic phenomena, [1] while normative economics discusses prescriptions for what actions individuals or societies should or should not take.
There are two main standards of thought on economic efficiency, which respectively emphasize the distortions created by governments (and reduced by decreasing government involvement) and the distortions created by markets (and reduced by increasing government involvement).
Eugen Ritter von Böhm-Bawerk [a] (German: [bøːm ˈbaːvɛʁk]; born Eugen Böhm, 12 February 1851 – 27 August 1914) was an Austrian economist who made important contributions to the development of macroeconomics and to the Austrian School of Economics.
In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium.The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium.