“The objective of the WHO shall be the attainment by all peoples of the highest possible level of health”. It is always the simple statements that get us in trouble, and bearing in mind their definition of health—“a state of complete physical, mental and social well-being and not mere...
In the field of macroeconomics, understanding the concept of private savings is crucial in analyzing the overall health and stability of an economy. Private savings refer to the portion of an individual or household’s income that is not spent on consumption but rather set aside for future use....
[human capital questions] includeeducationandhealth4.Entrepreneurship: combination of the other factors of production in a novel way in search of a profitSocieties have organized themselves in three ways to address the three basic economic questions:1.Tradition: characterized by subsistence agriculture ...
CHAPTER 1The Science of Macroeconomicsslide 6 Real GDP per personCHAPTER 1The Science of Macroeconomicsslide 7 Inflation What’s happened to the price of goods and services?Inflationmeasures the changein prices over time. Example: price today = 110price a year ago = 100Inflation = (110 –...
摘要: The Handbook on the Economics of Conflict conveys how economics can contribute to the understanding of conflict in its various dimensions embracing world wars, regional conflicts, terrorism and the role of peacekeeping in conflict prevention....