20.(Economics)economicsof or denoting an analysis that is free of ethical, political, or value judgments 21.(Astrology)astrologyof, relating to, or governed by the group of signs of the zodiac that belong to the air and fire classifications, which are associated with a self-expressive spontane...
Positive economic models aim to provide truthful explanations of significant (aspects of) economic phenomena. While the notion of 'preferences' figures prominently in micro-economic models, it suffers from a remarkable lack of conceptual clarity and rigor. After distinguishing narrow homo economicus ...
经济学定义(Definitionofeconomics)Grossdomesticproduct(GDP)referstothesumofthemarketvalueofallthefinalproducts(goodsandservices)producedbyacountryoracertainregionwithinacertaintime.Grossnationalproduct(GNP)referstothevalueofthefinalproductproducedbythetotalproductionfactorsofacountry'speopleinacertainperiodoftime3...
经济学定义(Definition of economics) Gross domestic product (GDP) refers to the sum of the market value of all the final products (goods and services) produced by a country or a certain region within a certain time. Gross national product (GNP) refers to the value of the final product ...
Define economic growth. Use a maximum of two sentences for your answer. In terms of microeconomics, what is a simple definition of Net Economic Value? Define a tariff and describe its economic effects. Briefly define the following two terms in your own words: \\ *Positive economics *N...
Positive Economics: A positive science is one that studies the relationship between two variables but does not give any value judgment, i.e. it states ‘what is’. It deals withfacts about the entire economy. Normative Economics: As a normative science, economicspasses value judgement, i.e. ...
Free market trading and the entrance of new companies are restricted. Industry innovation and progress can be curtailed. Consumers have limited options. Price fixing and collusion may cost consumers more. Duopolies can have both positive and negative effects on the companies in the duopoly and the ...
Explore normative economics. Learn the definition of normative economics and understand how it differs from positive economics. See normative...
(redirected from positive convergence)Also found in: Dictionary, Thesaurus, Medical, Encyclopedia. Convergence The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is usually higher because of time value. But as the...
Fields such as health care, biology, chemistry, physics, education, engineering, business, and economics make extensive use of statistical inference. Methods of probability were developed initially for the analysis of gambling games. Probability plays a key role in statistical inference; it is used ...