• Study Resource
  • Explore Categories
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
The Economic Costs of Capital Gains Taxes in
The Economic Costs of Capital Gains Taxes in

... Compliance costs, administrative costs, and tax avoidance Capital gains taxes impose economic costs in the form of changing incentives for productive behaviour. But capital gains taxes also impose direct costs related to compliance and administration. The Fraser Institute has published research that ...
Hysteresis and Persistent Long-term Unemployment
Hysteresis and Persistent Long-term Unemployment

... but without wartime labor demand, the problem of long-term unemployment would likely have persisted and a weak labor market would likely have persisted through the 1940s. Ghayad and Dickens (2012) found that, when the Beveridge Curve is dissaggregated by duration of unemployment, the Beveridge curv ...
Chapter 2 The Economic Problem: Scarcity, and Choice
Chapter 2 The Economic Problem: Scarcity, and Choice

... B) is money the firm raises from selling stock. C) refers to the process by which resources are transformed into useful forms. D) refers to things that have already been produced that are in turn used to produce other goods and services. Answer: D Diff: 3 Skill: C ...
Domestic Macroeconomic Policies and Private
Domestic Macroeconomic Policies and Private

... identification of priority private investments to empower poor people, and these should be built into MDG-based strategies that anchor the scaling-up of private investment.. ...
Public Investment in Resource Abundant Low
Public Investment in Resource Abundant Low

... An interesting feature of the “sustainable investment approach” is that it combines elements of both domestic investment and external savings. Under this approach, the increase in investment is gradual relative to the resource windfall. The non-invested revenue plus any increase in non-resource tax ...
Chapter 11: Saving, Capital Accumulation, and Output
Chapter 11: Saving, Capital Accumulation, and Output

... – Given the same level of technology and human capital, same institutions, etc., … – This model says that all countries should converge to the same level. ...
The Law of Diminishing Elasticity of Demand in - Gredeg
The Law of Diminishing Elasticity of Demand in - Gredeg

... . . . as output falls there will be no change in rates of pay to prime factors, no change in their marginal productivity as output recedes, and no increasing elasticity of demand. Then, if a fall in prices occurs, the system will move irretrievably to the position of zero outputs. If it stops short ...
Principles of Microeconomics
Principles of Microeconomics

... money? Is it about trade-offs and scarce resources? Is it about inflation, unemployment, and deficits? Is it about eliminating poverty? All of the above are important topics in the study of economics. However, the overall objective of economic research is its ability to explain how we can most optim ...
AGGREGATION IN PRODUCTION FUNCTIONS: WHAT APPLIED
AGGREGATION IN PRODUCTION FUNCTIONS: WHAT APPLIED

... (1961-62), aggregate production functions are seen as parables. Finally, it has been argued that, for the empirical applications where aggregate production functions are used (e.g., growth accounting and econometric estimation), there is no other choice. An evaluation of these answers is provided a ...
a knowledge economy approach for the development of countries
a knowledge economy approach for the development of countries

... 5.3. The Chilean trajectory ............................................................................................... 141 5.4. Empirical analysis: Methodology and sources of information .................................. 146 5.5. Discussion of results .......................................... ...
By How Much Does GDP Rise If the Government Buys More Output?
By How Much Does GDP Rise If the Government Buys More Output?

... and work or between consumption this year and in any future year. Military spending is the obvious example. If instead the government provided consumers with goods and services they would have purchased anyway, the resulting multiplier would be lower. In the extreme case, where the government purcha ...
Economic Development and Consumption Inequality: Evidence and Theory
Economic Development and Consumption Inequality: Evidence and Theory

... measures of consumption inequality in place of measures of income inequality to characterize the distribution of individual well-beings.1 As Deaton (1998) states, “consumption, rather than income, is the better indicator of household living standards” regardless of which particular consumption theor ...
1 Principles of Macroeconomics, 9e
1 Principles of Macroeconomics, 9e

... A) Southstar Steel has two office buildings separated by one-half mile. The company lays a fiber optic cable between the buildings to take advantage of new technology. B) The federal government makes it easier for college students to obtain loans and this increases the number of students attending c ...
Economic Analysis - Directorate of Distance Education
Economic Analysis - Directorate of Distance Education

... nations can afford deep scientific inquiries into biology and discover yet other vaccines against yet other diseases. With the resources freed up by economic growth, talented artists have the opportunity to write poetry and compose music, while others have the leisure time to read, to listen, and to ...
The Impact of a Reduced Rate of VAT on Restaurants 3
The Impact of a Reduced Rate of VAT on Restaurants 3

... that the application of reduced VAT rates to locally supplied services poses no real detriment to the smooth functioning of the internal market and may, under certain conditions, have positive effects in terms of job creation and of combating the informal economy. It is therefore appropriate to allo ...
The Reserve Bank’s process for forecasting business investment
The Reserve Bank’s process for forecasting business investment

... and how the Reserve Bank forecasts them. ...
UAE Goes Global
UAE Goes Global

... unemployment rates will decrease because Emiratis will find more jobs that suit their skills and abilities at an acceptable salary. Oil revenues provided the means to rapidly modernize the physical infrastructure of the country in less than the lifetime of a person, but transitioning the collective s ...
- Kendriya Vidyalaya No. 2 Raipur
- Kendriya Vidyalaya No. 2 Raipur

... The opportunity cost for a commodity is the amount of other commodity that has been forgone in order to produce the first. The marginal opportunity cost of a particular good along the PPC is defined as the amount sacrificed of the other good per unit increase in the production of the good in questio ...
KENDRIYA VIDYALAYA SANGATHAN
KENDRIYA VIDYALAYA SANGATHAN

... The opportunity cost for a commodity is the amount of other commodity that has been forgone in order to produce the first. The marginal opportunity cost of a particular good along the PPC is defined as the amount sacrificed of the other good per unit increase in the production of the good in questio ...
Investment and Profits: Causality Analysis in Selected eu Countries
Investment and Profits: Causality Analysis in Selected eu Countries

... special case when the primary companies’ objective in the economy is to maximize profits. This means that companies should only invest in the current and expected most profitable activities. However, if the maximization assumption is not true, then investment is induced also by other motives, which ...
Demand-Led Growth Theory: An Historical Approach
Demand-Led Growth Theory: An Historical Approach

... complex of factors that inform a historically-based explanation of growth and economic development consistent with demand-led theory. In section 2 of the paper we build a ‘super-multiplier’ growth model in which utilisation of an economy’s productive capacity is assumed to always correspond to a giv ...
Product Demand Shifts and Wage Inequality
Product Demand Shifts and Wage Inequality

... In this model R&D activity is monopolistic in nature and technology producers make more profits the more workers use their new technology. A large increase in the supply of college graduates first moves the economy along the relative demand curve, but then it also increases the size of the market fo ...
5 - Narodowy Bank Polski
5 - Narodowy Bank Polski

... summarized in their study Measuring Business Cycle (see Burns and Mitchell 1946). Their methodology was criticized by some economists at that time (see Koopmans 1947) but the main reason for their methods not being adopted by the profession was the revolution, triggered by the contribution of Keynes ...
Chapter 01Economics and Economic Reasoning
Chapter 01Economics and Economic Reasoning

... 27. Economist Steven Landsburg claims that with a death penalty, each execution deters about 8 murders, resulting in a benefit to society of approximately $56 million. He argues that computer hackers do far more damage to society with their worms and viruses. He argues that computer hackers should b ...
12 Rural Industrialization: Township and Village Enterprises
12 Rural Industrialization: Township and Village Enterprises

... As described in Chapter 2, rural household businesses were very important in China’s traditional economy, leading it to be called “bottom heavy” because of the preponderance of small, household-based, flexible, and market-oriented production units. Rural households spun and wove cotton, raised silkw ...
< 1 ... 3 4 5 6 7 8 9 10 11 ... 248 >

Economic democracy

Economic democracy or stakeholder democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbors and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit, and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's inherent effective demand gap.Classical liberals argue that ownership and control over the means of production belongs to private firms and can only be sustained by means of consumer choice, exercised daily in the marketplace. ""The capitalistic social order"", they claim, therefore, ""is an economic democracy in the strictest sense of the word"". Critics of this claim point out that consumers only vote on the value of the product when they make a purchase; they are not participating in the management of firms, or voting on how the profits are to be used.Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand, as society is unable to earn enough income to purchase its output production. Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power. Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory, and as a variety of reform agendas. For example, as a means to securing full economic rights, it opens a path to full political rights, defined as including the former. Both market and non-market theories of economic democracy have been proposed. As a reform agenda, supporting theories and real-world examples range from decentralization and economic liberalization to democratic cooperatives, public banking, fair trade, and the regionalization of food production and currency.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report