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Economy of force is one of the nine Principles of War, based upon Carl von Clausewitz's approach to warfare. It is the principle of employing all available combat power in the most effective way possible, in an attempt to allocate a minimum of essential combat power to any secondary efforts.
Therefore, the model assumes that war is the undesired outcome for both actors, and only under the correct conditions will war occur. This is different than economic or other political models of war which propose that war can have a positive net utility, or provide benefits to the victor that are greater than the losses of the defeated.
War usually leads to a shortage in the supply of commodities, which results in higher prices and higher revenues. Regarding supply and demand in terms of economics, profit is the most important end. During war time, "war-stuff" [15] is in high demand, and demands must be met.
Principles of war are rules and guidelines that represent truths in the practice of war and military operations. The earliest known principles of war were documented by Sun Tzu , c. 500 BCE, as well as Chanakya in his Arthashastra c. 350 BCE .
Created Date: 8/30/2012 4:52:52 PM
Frederick Winslow Taylor (March 20, 1856 – March 21, 1915) was an American mechanical engineer.He was widely known for his methods to improve industrial efficiency. [1] He was one of the first management consultants. [2]
Holland has imposed EPTs in 1916. War profit was identified as any profit that surpasses the average profits of the previous three years. The structure of the EPT was designed progressively, with rates varying from 10% to 30%. Additionally, under certain conditions, a 5% capital allowance was permissible. [citation needed]
A war economy or wartime economy is the set of preparations undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence."