(Economics) a loss or absence of equilibrium, esp in an economy Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 dis•e•qui•lib•ri•um ...
Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Popular in Wordplay See All Top 12 Sophisticated Compliments Word of the Year 2024 | Polarization ...
Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Popular in Wordplay See All More Words with Remarkable Origins ...
nounLack of equity or abstract justice; disagreement with equitable principles; injustice; also, an unjust action or proceeding. from the GNU version of the Collaborative International Dictionary of English. nounLack of equity; injustice; wrong. ...
the law asserted that the sum of all excess supplies, evaluated at market prices, must be identically equal to the sum of the market values of all excess demands. It could be neither more nor less. In the theoretical system of traditional economics, any inequality between these sums would qu...
1. careful management of resources to avoid unnecessary expenditure or waste; thrift 2. a means or instance of this; saving 3. sparing, restrained, or efficient use, esp to achieve the maximum effect for the minimum effort: economy of language. 4. (Economics) a. the complex of human ...
In many societies, there exists a significant wealth gap between the rich and the poor. Economic justice seeks to bridge this gap by ensuring equal access to financial resources and opportunities for all individuals. By addressing income inequality, wealth disparity, and limited access to quality ed...
All Economic Indicators Topics Cost of Living Economic Inequality Inflation Scarcity Standard of Living Unemployment Start today. Try it now Economics 102: Macroeconomics 16 chapters | 137 lessons | 14 flashcard sets Ch 1. Scarcity, Choice, and the Production... Ch 2. Comparative ...
Heterodox economics is the analysis and study of economic principles considered outside of mainstream or orthodox schools of economic thought.
The equity-efficiency tradeoff is often associated with normative economics, which emphasizes value judgments and statements of “what ought to be.” Examples of the Equity-Efficiency Tradeoff If the utility that one individual gains by poking another person in the eye is greater than the suffering...