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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 ...
Air pollution is the most obvious example since it is non-excludable and non-rival, and negatively affects welfare. [ 1 ] Whereas public goods are typically under-provided by decentralized decision making (the market), public bad will generally be over-provided, since the parties generating the public bad do not account for the negative effects ...
An auto-antonym is a word that can have opposite meanings in different contexts or under separate definitions: enjoin (to prohibit, issue injunction; to order, command) fast (moving quickly; fixed firmly in place) cleave (to split; to adhere) sanction (punishment, prohibition; permission) stay (remain in a specific place, postpone; guide ...
Here's an example. A startup creates an HRA and sets aside $1,000 annually for each employee. All employees of the same class will have the same allowance but can vary allowance amounts within ...
For example, if the number of new airlines departing from and arriving at the airport is the same, the economic contribution to the host city may be a zero-sum game. Because for Hong Kong, the consumption of overseas tourists in Hong Kong is income, while the consumption of Hong Kong residents in opposite cities is outflow.
The trickle-up effect states that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will "trickle up" throughout the population. [1] It is the opposite of trickle-down economics.
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Opposite of ferae naturae (below) donatio mortis causa: deathbed gift Gift causa mortis; "The donor, contemplating imminent death, declares words of present gifting and delivers the gift to the donee or someone who clearly takes possession on behalf of the donee. The gift becomes effective at death but remains revocable until that time."