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equilibrium of an economic system

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  • Economic history of India — Economic history of India, in the sense of the meaning of the term economic in its current sense, is at least 5,000 years oldFact|date=November 2007. Indus Valley Civilization The Indus Valley civilization, the first known permanent and… …   Wikipedia

  • Economic efficiency — is used to refer to a number of related concepts. A system can be called economically efficient if: * No one can be made better off without making someone else worse off. * More output cannot be obtained without increasing the amount of inputs. * …   Wikipedia

  • Economic interdependence — is a consequence of specialization, or the division of labor, and is almost universal. It was described as early as 1828, when A. A. Cournot wrote: : but in reality the economic system is a whole of which the parts are connected and react on each …   Wikipedia

  • economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… …   Universalium

  • Economic equilibrium — Price of market balance: P price Q quantity of good S supply D demand P0 price of market balance A surplus of demand when P<P0 B surplus of supply when P>P0 In economics, economic equilibrium is a state of the world where economic forces… …   Wikipedia

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

  • economic systems — Introduction       the way in which humankind has arranged for its material provisioning. One would think that there would be a great variety of such systems, corresponding to the many cultural arrangements that have characterized human society.… …   Universalium

  • ECONOMIC HISTORY — This article is arranged according to the following outline: first temple period exile and restoration second temple period talmudic era muslim middle ages medieval christendom economic doctrines early modern period sephardim and ashkenazim… …   Encyclopedia of Judaism

  • Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries …   Wikipedia

  • Economic history of Chile — Colonial era to 1690In colonial times, the segmentation of Chile into latifundios left only small parcels for native American and mestizo villagers to cultivate. Cattle raised on the latifundios were a source of tallow and hides, which were sent …   Wikipedia

  • Economic ideology — An economic ideology discerns itself from a pure economic theory because it is normative rather than just explanatory in its approach. It describes the way an economy should be run and to what end, whereas the only aim of economic theories is to… …   Wikipedia

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