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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 ...
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
A uniform is a variety of costume worn by members of an organization while usually participating in that organization's activity. Modern uniforms are most often worn by armed forces and paramilitary organizations such as police , emergency services , security guards , in some workplaces and schools , and by inmates in prisons .
The underlying theme of the book, as Landsburg states on the first page, is that "[m]ost of economics can be summarized in four words: People respond to incentives." With this apparently innocuous observation, Landsburg discusses some unexpected effects of various policies such as automobile safety legislation and environmental policies.
Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .
Western dress codes are a set of dress codes detailing what clothes are worn for what occasion that originated in Western Europe and the United States in the 19th century. . Conversely, since most cultures have intuitively applied some level equivalent to the more formal Western dress code traditions, these dress codes are simply a versatile framework, open to amalgamation of international and ...
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Full dress uniform, also known as a ceremonial dress uniform or parade dress uniform, is the most formal type of uniforms used by military, police, fire and other public uniformed services for official parades, ceremonies, and receptions, including private ones such as marriages and funerals.