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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 is a branch of economics that puts the allocation of resources by means of violent fighting, i.e. conflict, into economic models.. In traditional economics, appropriation is a non-violent process that is guaranteed by perfect property rights and their costless enforcement. [1]
In microeconomics, a production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation showing all the possible options of output for two that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
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 slope of the curve at a point on it gives the trade-off between the two goods. It measures what an additional unit of one good costs in units forgone of the other good, an example of a real opportunity cost. Thus, if one more Gun costs 100 units of butter, the opportunity cost of one Gun is 100 Butter.
This is a list of Wikipedia articles about curves used in different fields: mathematics ... Bowditch curve; Brachistochrone; Butterfly curve (transcendental) Catenary ...
Is the claim that "Guns versus butter model" is an established phrase? Certainly "Guns and butter" is, but "Guns versus butter model"? "Guns and butter" is a phrase heavily associated with 1960s U.S. politics. I'd be interested to know how much currency it had in other times and places.
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