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In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
Conflict economics sheds a different light on appropriation. It is set in a model of contest between two players. Conflict economics introduces the idea that agents have to decide between production of resources and production of guns, i.e. tools that have the sole purposes of appropriating the resources produced by the other player. Different ...
The Global Dilemma: Guns or Butter is a 1990 video game written by Chris Crawford and published by Mindscape. It was originally released on the Macintosh , and then for IBM PC compatibles . The game is a simulation of macroeconomics in which the player attempts to improve the economy of their country in an effort to outproduce the computer players.
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 ...
Guns vs. Butter. Inflation hardly operates in a silo; the country’s job market is tight, nudging employers to increase salaries to maintain their competitiveness.
Guns versus butter theory. Add languages. Add links. Article; ... Download as PDF; Printable version ... From Wikipedia, the free encyclopedia. Redirect page ...
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The Economics of Television Film Production and Distribution. Sherman Oaks, Calif.: Screen Actors Guild, 1960. Emergency Disputes and National Policy. Irving Bernstein, Harold L. Enarson and R.W. Fleming, eds. New York: Harper and Bros. 1955. Guns or Butter: The Presidency of Lyndon Johnson. New York: Oxford University Press, 1996. ISBN 0-19 ...