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Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.
The pullback bundle is an example that bridges the notion of a pullback as precomposition, and the notion of a pullback as a Cartesian square. In that example, the base space of a fiber bundle is pulled back, in the sense of precomposition, above. The fibers then travel along with the points in the base space at which they are anchored: the ...
Corporate misfires can also lead to disappointing sales, even if their shoppers aren’t necessarily pulling back on their spending. For example, athleisure brand Lululemon’s U.S. sales lagged ...
In economics, a public good (also referred to as a social good or collective good) [1] is a good that is both non-excludable and non-rivalrous. Use by one person neither prevents access by other people, nor does it reduce availability to others. [1] Therefore, the good can be used simultaneously by more than one person. [2]
v. t. e. Trickle-down economics refers to economic policies that disproportionately favor the upper tier of the economic spectrum, comprising wealthy individuals and large corporations. The policies are based on the idea that spending by this group will "trickle down" to those less fortunate in the form of stronger economic growth. [1]
The problem of allocation deals with the question of whether to produce capital goods or consumer goods. If the community decides to produce capital goods, resources must be withdrawn from the production of consumer goods. In the long run, however, [investment] in capital goods augments the production of consumer goods.
A more general definition is that a currency is a "system" of money (monetary units) in common use, especially within a particular nation. current account A country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).
Equity is a central issue in public sector economics and in public policy. It is at the heart of almost all economics policy debates, [4] which underscores the integral role that equity plays in shaping public decisions that impact overall societal welfare. Equity looks at the distribution of capital, goods, and access to services throughout an ...