It is argued that the definition of "rationing" should encompass thenotions that (1) it is not primarily a response to a money problem and,therefore, cannot be resolved by the price system, and (2) it is a deliberate,conscious policy, chosen by representatives of the community at large fo...
What is the definition of the choke price of a resource? Resources: Resource accounts for all the materials or assets that are present in the environment. These resources are used by people for their various needs. There are two types of resources: Renewable resources and non-renewable resource...
What is a price system in economics? What are microeconomic factors? What is the definition of economics? What is the fundamental problem of economics? What is normative analysis in economics? What is price line in economics? What is a price war in economics?
While state-sponsored imperialist wars tend to have the greatest numbers of casualties, it is not the number of casualties alone that defines a total war. Smaller conflicts across the globe, such as tribal wars, incorporate aspects of total war by kidnapping, enslaving, and killing civilians. Th...
Hope and love are popular themes of literature and art in many human societies. The human physiology of love and hope is less well understood. This review presents evidence that the lack of love and/or hope delays growth disturbs development and maturati
Impact of Internet 16. Risks. What is E-Commerce: Meaning, Definitions, History, Types, Strategies, Advantages and Limitations What is E-Commerce – Meaning and Definition E-Commerce is the buying and selling of goods and services on the internet. E-Commerce is the act of doing business ...
Definition The extent or duration of something. A length of time with a start and end. 7 Usage Can refer to time, distance, or coverage. Primarily used to denote time frames. 7 Application Broad, versatile across contexts. Specific, focused on time segments. 10 Examples Bridge length, career...
What is the definition of a tying contract? What is a market structure? What was the basic role of GATT? What is predatory pricing? What is a black market? What are some of the main differences in how black markets operate relative to legal markets?
Scarcity can explain a market shift to a higher price, compare the availability of economic inputs, or convey the opportunity cost in allocating limited resources. The definition of amarket priceis one at which supply equals demand, meaning all those willing to obtain the resource at a market ...
Utilitarianism is a theory of morality, which advocates actions that foster happiness or pleasure and oppose actions that cause unhappiness or harm.