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theory of absolute cost advantage

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  • Absolute advantage — The principle of comparative advantage , generally attributed to David Ricardo in his 1817 Principles of Political Economy and Taxation extends the range of possible mutually beneficial exchanges. It is not necessary to have an absolute advantage …   Wikipedia

  • Comparative advantage — Economics …   Wikipedia

  • Signalling theory — Within evolutionary biology, signalling theory refers to a body of theoretical work examining communication between individuals. The central question is when animals with conflicting interests should be expected to communicate honestly .… …   Wikipedia

  • Rational choice theory — This article is about a theory of economics. For Rational Choice Theory as applied to criminology, see Rational choice theory (criminology). Economics …   Wikipedia

  • Redshift (theory) — Redshift is a techno economic theory suggesting hypersegmentation of Information Technology (IT) markets based on whether individual computing needs are over or under served by Moore s Law, which predicts the doubling of computing transistors… …   Wikipedia

  • Control theory — For control theory in psychology and sociology, see control theory (sociology) and Perceptual Control Theory. The concept of the feedback loop to control the dynamic behavior of the system: this is negative feedback, because the sensed value is… …   Wikipedia

  • David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died …   Wikipedia

  • Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …   Wikipedia

  • turbine — /terr bin, buyn/, n. any of various machines having a rotor, usually with vanes or blades, driven by the pressure, momentum, or reactive thrust of a moving fluid, as steam, water, hot gases, or air, either occurring in the form of free jets or as …   Universalium

  • Purchasing power parity — GDP per capita adjusted for Purchasing Power Parity (PPP) in the world, 2009 …   Wikipedia

  • Physiocrats — The physiocrats were a group of economists who believed that the wealth of nations was derived solely from the value of land agriculture or land development. Their theories originated in France and were most popular during the second half of the… …   Wikipedia

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