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There is a distinction between aggregate data and individual data. Aggregate data refers to individual data that are averaged by geographic area, by year, by service agency, or by other means. [2] Individual data are disaggregated individual results and are used to conduct analyses for estimation of subgroup differences. [2]
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 ...
Disaggregated sovereignty focuses on the mutual obligation and positive capacity to participate collectively through multiple institutions to address global and regional problems. Criticisms of the idea of disaggregated sovereignty note that an international legal patchwork creates a larger area for states to manipulate the balances of freedoms ...
Definition National government: The government of a nation-state and is a characteristic of a unitary state. This is the same thing as a federal government which may have distinct powers at various levels authorized or delegated to it by its member states, though the adjective 'central' is sometimes used to describe it. The structure of central ...
A post-Keynesian theory of aggregate demand emphasizes the role of debt, which it considers a fundamental component of aggregate demand; [7] the contribution of change in debt to aggregate demand is referred to by some as the credit impulse. [8] Aggregate demand is spending, be it on consumption, investment, or other categories. Spending is ...
In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and ...
Investment and consumption by government raises demand for businesses' products and for employment, reversing the effects of the aforementioned imbalance. If desired spending exceeds revenue, the government finances the difference by borrowing from capital markets by issuing government bonds. This is called deficit spending.
Aggregate demand (ΣMB) is the sum of individual demands (MBi) Graphically, non-rivalry means that if each of several individuals has a demand curve for a public good, then the individual demand curves are summed vertically to get the aggregate demand curve for the public good.