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The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ( [2] 1960 ...
Economy of force is one of the nine Principles of War, based upon Carl von Clausewitz's approach to warfare. It is the principle of employing all available combat power in the most effective way possible, in an attempt to allocate a minimum of essential combat power to any secondary efforts.
The right of self-defense (also called, when it applies to the defense of another, alter ego defense, defense of others, defense of a third person) is the right for people to use reasonable or defensive force, for the purpose of defending one's own life (self-defense) or the lives of others, including, in certain circumstances, the use of ...
Economic capability largely determines the defence capability of a nation, and thus a sound economic security directly influences the national security of a nation. That is why we see countries with sound economy, happen to have sound security setup too, such as The United States, China, India among others. In larger countries, strategies for ...
That study found that Ukrainian defense startups raised $5 million in 2023, and looked set to raise $50 million in 2024. Not plain sailing However, other economic analysts struck a more cautious tone.
Along with approaches drawn from other areas of scholarship, peace economics forms part of peace science, an evolving part of peace and conflict studies. [8] Despite overlaps, peace economics is distinct from war, military, defense, and security economics, [1] all of which are branches of conflict economics. A key difference between peace ...
"Guns" refer to security goods such as personnel—both troops and civilian support staff—as well as military equipment like weapons, ships, or tanks. Because these two types of goods represent a tradeoff, a country cannot increase one without negatively impacting the other. States often attempt to share the burden of defense through alliances.
Collective defense is an arrangement, usually formalized by a treaty and an organization, among participant states that commit support in defense of a member state if it is attacked by another state outside the organization.