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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]
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Guns vs. Butter. Inflation hardly operates in a silo; the country’s job market is tight, nudging employers to increase salaries to maintain their competitiveness.
As government statistics showed butter rising by up to 1.9% weekly in late October, the same channel warned of an "Armageddon with butter" and said Russia could see a repeat of its 40% egg-price ...
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The Global Dilemma: Guns or Butter is a 1990 video game written by Chris Crawford and published by Mindscape. It was originally released on the Macintosh , and then for IBM PC compatibles . The game is a simulation of macroeconomics in which the player attempts to improve the economy of their country in an effort to outproduce the computer players.