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- Dictionaryec·o·nom·ic/ˌekəˈnämik/
adjective
- 1. relating to economics or the economy: "the government's economic policy"
- 2. justified in terms of profitability: "many organizations must become larger if they are to remain economic" Similar Opposite
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Nov 21, 2023 · Economic resources are components used to produce goods or services for consumption or use. Economic resources can also be defined as factors of production. While money is one type of economic ...
An economic factor is defined as anything that has a bearing on the economy. The factors can be varied in their origin ranging from political, social, technological, legal, or even environmental ...
Nov 21, 2023 · The definition of an economic system is the way in which people allocate and distribute their resources. When all is said and done, the modern economy is just a complex web of ways that humans ...
Nov 21, 2023 · The economic trends definition refers to a combined movement in a large portion of the market and economy. The trends definition in business suggests a general behavior among companies. It can be ...
Mar 18, 2023 · Economic View of Needs and Wants. The economic view of needs and wants utilizes the fictional concept of the '' economic man, '' which is a theory that people act rationally to maximize their ...
Nov 21, 2023 · Economic Output: The economic output of a country is measured as the gross domestic product (GDP). It is defined as the total value of all produced goods and services in an economy.
Nov 21, 2023 · An economic student is looking at the relationship between the stock market and the unemployment rate over the past 30 years in an attempt to determine whether or not it is a ... Define economics ;
Nov 21, 2023 · Trade-Off Definition. In economics, a very basic trade-off can be understood as the idea that if you choose one thing, you are going to lose another. The trade-off is taking the opportunity to ...
Nov 21, 2023 · A normative economic statement is defined as a postulation that focuses on evaluating merits, usually in an economy. Statements such as "what ought to be" are prevalent in normative economics.
There are different types of conflict, both on the interpersonal and intersocietal level. By studying the intensity of these conflicts we can see a difference between full-blown war and diplomatic tension. By looking at the causes we can see the difference between economical and, for example, ideological conflict.
