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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 ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Outside directors bring outside experience and perspectives to the board. For example, for a company that serves a domestic market only, the presence of CEOs from global multinational corporations as outside directors can help to provide insights on export and import opportunities and international trade options.
interest in understanding the importance of heterogeneity among the economic agents, leading among other examples to the construction of heterogeneous agent new Keynesian models (HANK models), which may potentially also improve understanding of the impact of macroeconomics on the income distribution [28]
The current Clerk of the Privy Council – the head of the federal public service has made workplace renewal a pillar of overall public service renewal. The key to workplace renewal is the adoption of collaborative networked tools. An example of such a tool is GCPEDIA – a wiki platform for federal public servants. Other tools include GCconnex ...
Unicameral. The Clerk of the upper house was called the clerk of the Parliaments prior to abolition. [2] Parliament of the United Kingdom: Clerk: Clerk: The clerk of the House of Lords is known as the clerk of the Parliaments, and the clerk of the House of Commons is formally the under-clerk of the Parliaments, but the latter title is seldom used.
In recent years economic theory has moved towards the study of economic fluctuation rather than a "business cycle" [42] – though some economists use the phrase 'business cycle' as a convenient shorthand. For example, Milton Friedman said that calling the business cycle a "cycle" is a misnomer, because of its non
The Joint Economic Committee (JEC) is one of four standing joint committees of the U.S. Congress. The committee was established as a part of the Employment Act of 1946 , which deemed the committee responsible for reporting the current economic condition of the United States and for making suggestions for improvement to the economy.