Define Economic output. Economic output synonyms, Economic output pronunciation, Economic output translation, English dictionary definition of Economic output. n. 1. a. An amount produced or manufactured during a certain time. b. The energy, power, or wo
Define Economic rent (economics). Economic rent (economics) synonyms, Economic rent (economics) pronunciation, Economic rent (economics) translation, English dictionary definition of Economic rent (economics). n. See rent1. American Heritage® Dictiona
By making it possible to produce more per unit of land and per hour of work, less land and labour are required for a given amount of output. Efforts to control prices and production In the second half of the 20th century, governments undertook to control both prices and output in the ...
Definition of Economic sanction in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Economic sanction? Meaning of Economic sanction as a finance term. What does Economic sanction mean in finance?
The meaning of ECONOMIC RENT is the return for the use of a factor in excess of the minimum required to bring forth its service.
Economic Output Economic Planning Agency economic policy Economic Recovery Tax Act economic rent Economic rents Economic risk economic sanctions Economic shock Economic Slowdown Economic SOC economic statistics Economic stimulus Economic Stimulus Act of 2008 ...
An employer who wishes to maximize profits will continue to recruit only up to the point at which the extra output gained from another worker equals the wage that worker is to be paid. This theory of marginal productivity lies at the heart of the orthodox economic theory of labour. The ...
Why is '-ed' sometimes pronounced at the end of a word? Popular in Wordplay See All Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments 10 Words from Taylor Swift Songs (Merriam's Version) ...
Efficiency in Production, Allocation, and Distribution Productive firms seek to maximize their profits by bringing in the most revenue while minimizing costs. To do this, they choose a combination of inputs that minimizes their costs while producing as much output as possible. By doing so, they ...
Factors such as GDP, interest rates, total employment, and consumer spending can help determine the current stage of the economic cycle. The causes of a cycle are highly debated among different schools of economics. Investopedia / Mira Norian ...