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determination of prices

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  • economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… …   Universalium

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

  • Economic history of the People's Republic of China — Throughout most of the nineteenth and twentieth centuries, as during much of earlier Chinese history, the economy was barely able to meet the basic needs of the country s huge population the largest in the world. In normal years the economy… …   Wikipedia

  • Nord Pool — Infobox Exchange name = Nord Pool group nativename = type = Physical and financial commodity exchange city = Oslo country = Norway coor = founded = 1996 owner = Statnett (20%) Svenska Kraftnät (20%) Fingrid (20%) Energinet.dk (20%) Nord Pool ASA… …   Wikipedia

  • Criticisms of the labour theory of value — often arise from an economic criticism of Marxism. Contents 1 Microeconomic theory 2 Supply and demand 3 Jevons 4 Menger s critique …   Wikipedia

  • Marginalism — Economics …   Wikipedia

  • Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

  • Neoclassical economics — Economics …   Wikipedia

  • Neomercantilism — is a term used to describe a policy regime which encourages exports, discourages imports, controls capital movement and centralizes currency decisions in the hands of a central government. The objective of neo mercantilist policies is to increase …   Wikipedia

  • Medium of exchange — Economics …   Wikipedia

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