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Economics focuses on the study of economic goods, i.e. goods that are scarce; in other words, producing the good requires expending effort or resources. Economic goods contrast with free goods such as air, for which there is an unlimited supply.
An executive summary (or management summary, sometimes also called speed read) is a short document or section of a document produced for business purposes. It summarizes a longer report or proposal or a group of related reports in such a way that readers can rapidly become acquainted with a large body of material without having to read it all.
The broad theme of Hirsch's book was, he told The New York Times, that material growth can "no longer deliver what has long been promised for it – to make everyone middle-class". [8] The concept of positional good explains why, as economic growth improves overall quality of life at any particular level, doing "better" than how an individual's ...
The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods that can be exchanged. From this analysis came the concepts value in use and value in exchange.
Economic justice is a component of social justice and welfare economics. It is a set of moral and ethical principles for building economic institutions , where the ultimate goal is to create an opportunity for each person to establish a sufficient material foundation upon which to have a dignified, productive, and creative life.
A thesis statement is a statement of one's core argument, the main idea(s), and/or a concise summary of an essay, research paper, etc. [1] It is usually expressed in one or two sentences near the beginning of a paper, and may be reiterated elsewhere, such as in the conclusion.
Philosopher Amia Srinivasan criticized William MacAskill's Doing Good Better for a perceived lack of coverage of global inequality and oppression, while noting that effective altruism is in principle open to whichever means of doing good is most effective, including political advocacy aimed at systemic change. [113]
The broader the definition of a good, the easier it is for the good to have a substitute good. On the other hand, a good narrowly defined will be likely to not have a substitute good. For example, different types of cereal generally are substitutes for each other, but Rice Krispies cereal, which is a very narrowly defined good as compared to ...