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The Optimal Output Rule
The Optimal Output Rule

The Analyses on the Circular Economy for Urban Development Policy
The Analyses on the Circular Economy for Urban Development Policy

... policy-makers should take circulated economy into consideration of decision-making, and improve urban construction and rebuilding by encouraging circulation products and take strict legislation and management instrument. Key words Circular economy, Urban development, Environmental friendly ...
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Memorandum on Metropolitan Economic Development Strategies
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Economic Activity in a Changing World

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Characteristics of Business - Loudoun County Public Schools

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Power Point Chapter 4

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www.glassbuildamerica.com

7th Grade Social Studies Middle East Economics Unit Information
7th Grade Social Studies Middle East Economics Unit Information

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Answers to Sample Short Free-Response Questions

< 1 ... 121 122 123 124 125 126 127 128 129 ... 234 >

Production for use

Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy. It is held in contrast to production for profit. This criterion is used to distinguish socialism from capitalism, and was one of the fundamental defining characteristics of socialism initially shared by Marxian socialists, evolutionary socialists, social anarchists and Christian socialists.This principle is broad and can refer to an array of different configurations that vary based on the underlying theory of economics employed. In its classic definition, production for use implied an economic system whereby the law of value and law of accumulation no longer directed economic activity, whereby a direct measure of utility and value is used in place of the abstractions of the price system, money and capital. Alternative conceptions of socialism that don't utilize the profit system such as the Lange model involve the use of a price system and monetary calculation.The central critique of the profits system by socialists is that the accumulation of capital (""making money"") becomes increasingly detached from the process of producing economic value, leading to waste, inefficiency, and social issues. Essentially it is a distortion of proper accounting based on the assertion of the law of value instead of the ""real"" costs of the factors of production, objectively determined outside of social relations.
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