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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 ...
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
It is a sister site to The Free Dictionary and usage examples in the form of "references in classic literature" taken from the site's collection are used on The Free Dictionary 's definition pages. In addition, double-clicking on a word in the site's collection of reference materials brings up the word's definition on The Free Dictionary.
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 ...
Inclusion on the list doesn't automatically mean the absolute truth is on these websites, so always be critical and compare information between different sources. The content of the subsections is alphabetically organized. Please add free online sources if you know some that are missing in this list, but try to keep it relevant and trustworthy.
The National Library of Economics (ZBW – Leibniz Information Centre for Economics) is the world's largest research infrastructure for economic literature, online as well as offline. The ZBW is a member of the Leibniz Association and has been a foundation under public law since 2007.
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CORE Econ's courses are offered through open access online ebooks published on its web site. Its ebooks use a Creative Commons license so that "any user can customize, translate, or improve it for their own use or the use of their students."
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