We use efficiency, more or less as the term is used in economics, for maximizing the aggregate of individuals' welfare as that welfare would be construed by the individuals themselves—in economic jargon, "Maximize the sum of individual utilities," or "Maximize net benefits." Another roughly ...
- 《Forest Policy & Economics》 被引量: 55发表: 2009年 Trade-Offs in Conservation: Deciding What to Save IntroductionBackground issues: conservation and trade-offsPolitics of knowledge and analysis of conservation trade-offsOther avenues to analyze conservatio... JP Brosius - Trade-Offs in ...
Explain what an economist means by demand (supply) and discuss all the factors that can shift a demand (supply) curve Enumerate some of the factors that may result in a shift of the demand curve to the right as far as field of economics is concerned. What is the difference between dema...
Business Economics Demand Define Aggregate demand.Question:Define Aggregate demand.Demand:Demand refers to the number or quantity of goods and services consumers or customers can and willing to purchase at given prices in a period--demand bases on wants and needs and the ability to pay for the...
) See Economics. Oeconomy (n.) See Economy. Oecumenical (a.) See Ecumenical. Oedema (n.) A swelling from effusion of watery fluid in the cellular tissue beneath the skin or mucous membrance; dropsy of the subcutaneous cellular tissue. Oedematous (a.) Pertaining to, or of the nature of...
cheap quality counterfeit (goods) low-quality commodities 优胜劣汰Trad.優勝劣汰 yōu shèng liè tài survival of the fittest (idiom) 劣币驱逐良币Trad.劣幣驅逐良幣 liè bì qū zhú liáng bì bad money drives out good money (economics) ...
Define the winner effect in regards to behavioral economics. Discuss the effect of the increase in savings of the households. Explain the effect on the amount of utility experienced with an increase in amount of budget. a. Using a graph to illustrate your an...
military goods at the expense of consumer goods. Explain how a well-functioning financial system increases savings and investment spending, holding the budget balance and any capital flows fixed. Define bequest value as it relates to natural resource economics. Give an example. Explain ...
1. Provide a definition of Managerial economics and explain how managers can benefit by studing this subject? 2. An entrepreneur says his business is worth $2 million because it has assets worth that Explain how allowing foreign banks to enter and compete in t...
Business Economics AD–AS model a) Define aggregate demand, b) Describe the four components of aggregate demand.Question:a) Define aggregate demand, b) Describe the four components of aggregate demand.Downward-sloping aggregate demandThe downward-sloping aggregate demand curve shows t...