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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 ...
A placeholder candidate is used in politics as a temporary stand-in for ballot access petitioning purposes until the actual nominees are decided. The need for such placeholders arises from the fact that many third parties must begin their petitioning efforts to meet ballot access deadlines well before their nominating conventions.
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".
If you asked your uncle, this is what he’d tell you about the U.S. economy right now—and it’s not as pretty as the hard data suggests. 1. It’s painful for low- and middle-income households
Their placeholder function may be seen in old Russian textbooks: in arithmetical problems or sentences to illustrate grammar. [ 59 ] The name " Vasya Pupkin " ( Russian : Вася Пупкин ) may be used to denote an average random or unknown person in the colloquial speech.
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 ...
Financial stress is fairly common in America, so don't think you're alone if you're worried about your money. Check Out: How To Triple Your Savings: 8 Proven Techniques for Financial Success Learn...
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 ...