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eighteenth century". The fact is that considerable ideas on market and pricing mechanism existed long before this period. The … paper analyzes the concept of market and pricing mechanism in pre-classical period as developed by the scholars of the West … notion of the working of the market. They were trying to grapple with other related issues also. This warrants …
Persistent link: https://www.econbiz.de/10008595905
The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
production and unequal food distribution. The impact of unequal food distribution can have adverse effects on the rural and urban …
Persistent link: https://www.econbiz.de/10008534240
In order to fully understand Syrah wine market in Italy both supply and demand need to be studied. While supply is … of this analysis is to furnish valuable information about supply and demand in order to improve marketing efficiency for … quality red Italian wines, the demand is studied econometrically. A double logarithmic approach has been chosen for its …
Persistent link: https://www.econbiz.de/10005621638
, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth …, stability and safety. This paper delves into market theory to determine whether what is commonly understood about market forces … deflation to market forces to sort out with the occasional booster shot of intervention when this process seems to fail. To this …
Persistent link: https://www.econbiz.de/10008685520
The report provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it … starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of …, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints …
Persistent link: https://www.econbiz.de/10011110694
as well as supply and demand ones are interpreted as different components of total value. The role of these components in … (is applicable to any commodities, any markets and any market situations). Value is considered as a multicomponent notion … which characterizes commodity's internal behaviour (i.e. behaviour independent of market conjuncture). Labour and use values …
Persistent link: https://www.econbiz.de/10011113607
This is the English language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels collected works), a...
Persistent link: https://www.econbiz.de/10005621653
hierarchical value structure with layers, each of which consists of value added injected by various production stages (current and … positions) of VA receivers (stages of use industries), while products of supply industries and their value added flow into these … stages of industries which have respective VA levels. These flows are value added contributions by supply industries. By …
Persistent link: https://www.econbiz.de/10008765065
individual countries. EUROMON is a neo-Keynesian model in spirit, combining a vertical supply curve in the long run with an … important role for demand factors in the short-run determination of output. The model incorporates a wage bargaining framework … which makes the long-run supply curve dependent on real factors, such as tax policies. EUROMON is an aggregate model, with …
Persistent link: https://www.econbiz.de/10008833272