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  2. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Law and economics, or economic analysis of law, is an approach to legal theory that applies methods of economics to law. It includes the use of economic concepts to explain the effects of legal rules, to assess which legal rules are economically efficient, and to predict what the legal rules will be. [177]

  3. An Essay on the Nature and Significance of Economic Science

    en.wikipedia.org/wiki/An_Essay_on_the_Nature_and...

    The Essay has been described as different from earlier writings on economic methodology in generating a range of tightly argued, radical implications from a simple definition, for example in admitting an aspect of behaviour (rather than a list of behaviours) but not limiting the subject-matter of economics, provided that the influence of ...

  4. Law and economics - Wikipedia

    en.wikipedia.org/wiki/Law_and_economics

    Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law. The field emerged in the United States during the early 1960s, primarily from the work of scholars from the Chicago school of economics such as Aaron Director , George Stigler , and Ronald Coase .

  5. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    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 ...

  6. Applied economics - Wikipedia

    en.wikipedia.org/wiki/Applied_economics

    Applied economics is the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the core), [1] it is typically characterized by the application of the core, i.e. economic theory and econometrics to address practical issues in a range of fields including demographic economics, labour economics, business economics ...

  7. Moore's law - Wikipedia

    en.wikipedia.org/wiki/Moore's_law

    [130] Moore's law describes a driving force of technological and social change, productivity, and economic growth. [ 131 ] [ 132 ] [ 128 ] An acceleration in the rate of semiconductor progress contributed to a surge in U.S. productivity growth, [ 133 ] [ 134 ] [ 135 ] which reached 3.4% per year in 1997–2004, outpacing the 1.6% per year ...

  8. Economic law - Wikipedia

    en.wikipedia.org/wiki/Economic_law

    Economic law is a set of legal rules for regulating economic activity. [ 1 ] [ 2 ] Economics can be defined as "a social science concerned with the production, distribution, and consumption of goods and services."

  9. Economic forces - Wikipedia

    en.wikipedia.org/wiki/Economic_forces

    Economic forces are the factors that help to determine the competitiveness of the environment in which the firm operates. [1] These factors include: [2] Unemployment level; Inflation rate; Fiscal policies; Government changes; These factors determine an enterprise’s volume of demand for its product and affect its marketing strategies and ...