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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 ...
Non-financial assets, such as land and buildings, may also be included. For example, dictionary definitions of money include "wealth reckoned in terms of money" and "persons or interests possessing or controlling great wealth", [8] neither of which correspond to the economic definition.
A periodical literature (also called a periodical publication or simply a periodical) is a published work that appears in a new edition on a regular schedule. The most familiar example is a newspaper , but a magazine or a journal are also examples of periodicals.
Each type of periodicals has its own characteristics and purpose. In contrast to serials in general, a periodical has been defined as "A serial publication with its own distinctive title, containing a mix of articles ... by more than one contributor, issued ... at regular stated intervals of less than a year, without prior decision as to when ...
The New Palgrave Dictionary of Economics, 2008, v. 8, Appendix IV, pp. 854–69, and for the online version by drilling to the primary, secondary, or tertiary JEL code of interest here and pressing the Search button below it for article-preview links. National Bureau of Economic Research Working Papers abstracts by year via links
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 ...
This is a list of some well-known periodic functions. The constant function f (x) = c, where c is independent of x, is periodic with any period, but lacks a fundamental period. A definition is given for some of the following functions, though each function may have many equivalent definitions.
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".