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Economics Job Market Rumors, also known as EJMR, is an anonymous internet discussion board that caters to academic economists and job seekers. It has been the subject of several journalistic articles, and has been heavily criticised by academics, due to its reputation for racist and misogynistic discussions as well as personal attacks.
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 ...
In economics, demand refers to the strength of one or many consumers' willingness to purchase a good or goods at a range of different prices. If, for example, a rise in income causes a consumer to be willing to purchase more of a good than before contingent on each possible price, economists say that the income rise has caused the consumer's ...
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