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In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.
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 ...
It employs 26 indicators spanning environmental, technological, socio-economic, and infrastructural dimensions to assess inter- and intra-zone resilience variations. This region-specific framework supports the development of tailored strategies to address local challenges and improve agricultural adaptability to climate change.
Avery-Stoss said The Institute has released released a study of the region's economic resilience. According to Avery-Stoss, the organization's Jobs, Economy, and Economic Development Task Force ...
Climate resilience is a concept to describe how well people or ecosystems are prepared to bounce back from certain climate hazard events. The formal definition of the term is the "capacity of social, economic and ecosystems to cope with a hazardous event or trend or disturbance".
The IPCC considers climate resilience to be “the capacity of social, economic and ecosystems to cope with a hazardous event or trend or disturbance”. It includes the abilities to reorganise and learn. [9]: 7 This definition is similar to that of climate change adaptation. However, resilience involves a more systematic approach to absorbing ...
These (cost-benefit) models balance the economic implications of mitigation and climate damages to identify the pathway of emissions reductions that will maximize total economic welfare. [38] In other words, the trade-offs between climate change impacts, adaptation, and mitigation are made explicit.
Community resilience is the sustained ability of a community to use available resources (energy, communication, transportation, food, etc.) to respond to, withstand, and recover from adverse situations (e.g. economic collapse to global catastrophic risks). [1] This allows for the adaptation and growth of a community after disaster strikes. [2]