Search results
Results from the WOW.Com Content Network
Cost the limit of price" was a maxim coined by Josiah Warren, indicating a (prescriptive) version of the labor theory of value. Warren maintained that the just compensation for labor (or for its product) could only be an equivalent amount of labor (or a product embodying an equivalent amount). [ 1 ]
A maxim is a moral rule or principle, which can be considered dependent on one's philosophy. A maxim is often pedagogical and motivates specific actions. The Oxford Dictionary of Philosophy defines it as: Generally any simple and memorable rule or guide for living; for example, 'neither a borrower nor a lender be'.
Leech's generosity maxim states: "Minimize the expression of beliefs that express or imply benefit to self; maximize the expression of beliefs that express or imply cost to self." Unlike the tact maxim, the maxim of generosity focuses on the speaker, and says that others should be put first instead of the self. For example:
In the quest to find great investments, most investors focus on earnings to gauge a company's financial strength. This is a good start, but earnings can be misleading and incomplete. To get a ...
For example, companies may choose to earn less than the maximum profit in pursuit of higher market share. Because price increases maximize profits in the short term, they will attract more companies to enter the market. Many companies try to minimize costs by shifting production to foreign locations with cheap labor (e.g. Nike, Inc.). However ...
The exact phrase as used for approval of justice at all cost—usually seen in a positive sense—appears to originate in modern jurisprudence. In English law, William Watson in "Ten Quodlibetical Quotations Concerning Religion and State" (1601) wrote "You go against that general maxim in the laws, which is 'Fiat justitia et ruant coeli.
Examples of Cost-Push Inflation. Cost-Push Inflation: Definition and Examples. While cost-push inflation isn’t quite as common as demand-pull inflation, there are still plenty of real world ...
For example, x ∗ is a strict global maximum point if for all x in X with x ≠ x ∗, we have f(x ∗) > f(x), and x ∗ is a strict local maximum point if there exists some ε > 0 such that, for all x in X within distance ε of x ∗ with x ≠ x ∗, we have f(x ∗) > f(x). Note that a point is a strict global maximum point if and only if ...