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  2. Power-knowledge - Wikipedia

    en.wikipedia.org/wiki/Power-knowledge

    With the growing use of big-data, information is increasingly seen as the means to generate useful knowledge and power. One of the recently developed model, known as the Volume and Control Model, [2] describes how information is capitalized by global corporations and transforms into economic power. Volume is defined as the informational ...

  3. Economic power - Wikipedia

    en.wikipedia.org/wiki/Economic_power

    Economic power refers to the ability of countries, businesses or individuals to improve living standards. It increases their ability to make decisions on their own that benefit them. Scholars of international relations also refer to the economic power of a country as a factor influencing its power in international relations. [1]

  4. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.

  5. French and Raven's bases of power - Wikipedia

    en.wikipedia.org/wiki/French_and_Raven's_bases_of...

    The ability to administer to another information, knowledge or expertise. [1] (Example: Doctors, lawyers). As a consequence of the expert power or knowledge, a leader is able to convince their subordinates to trust them. The expertise does not have to be genuine – it is the perception of expertise that provides the power base. When ...

  6. Information asymmetry - Wikipedia

    en.wikipedia.org/wiki/Information_asymmetry

    The power of the internet also changes how consumers deal with information asymmetry, as they have the means to find vast amounts of information about products with relatively little effort. While a consumer can use this power to assist their research to find a product that is not being marketed maliciously, this decision is made due to ...

  7. Knowledge economy - Wikipedia

    en.wikipedia.org/wiki/Knowledge_economy

    In a knowledge economy, human intelligence is the key engine of economic development. It is an economy where members acquire, create, disseminate and apply knowledge to facilitate economic and social development. [23] [24] An economic system that is not knowledge-based is considered to be inconceivable. [25]

  8. Macroeconomics - Wikipedia

    en.wikipedia.org/wiki/Macroeconomics

    In macroeconomic models in environmental economics, the economic system is dependant upon the environment. In this case, the circular flow of income diagram may be replaced by a more complex flow diagram reflecting the input of solar energy, which sustains natural inputs and environmental services which are then used as units of production .

  9. Productive forces - Wikipedia

    en.wikipedia.org/wiki/Productive_forces

    Productive forces, productive powers, or forces of production (German: Produktivkräfte) is a central idea in Marxism and historical materialism.. In Karl Marx and Friedrich Engels' own critique of political economy, it refers to the combination of the means of labor (tools, machinery, land, infrastructure, and so on) with human labour power.