Economics

Cash Crop

Cash Crop is a crop that is grown mainly to be sold, rather than used by the people who grew it or those living in the area it is grown. It is typically purchased by parties separate from a farm. It is used to differentiate marketed crops from subsistence crops, which are those fed to […]<.....

Read More »

Linder Hypothesis

Linder Hypothesis is a terms of economics, which was proposed by Staffan Linder in 1961. It suggests countries will specialize in the production of certain high quality goods, and will trade these goods with countries that demand these goods. It presents a demand based theory of trade in contrast.....

Read More »

International Factor Movements

This article describe about International Factor Movements, which occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. It was also raise political and social issues not present in trade in goods and services. Tr.....

Read More »

Wage Insurance

Wage Insurance is usually proposed as a response to outsourcing and the effects of globalization, although it could equally be proposed as a response to job displacement due to increasingly productive technology. It has been tested as early as 1995 in Canada’s Earnings Supplement Project. W.....

Read More »

Absolute Advantage

Absolute Advantage can be hard to measure for many complicated goods, because there are many different factor inputs. It is the ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that same good.....

Read More »

New Economy

This article talks about New Economy, which was thought that former business valuation techniques were invalidated by the resulting fast changing business environment. It supports regeneration of both human and natural systems, builds community resilience by rooting wealth and power in place and .....

Read More »

Agronomics

Agronomics (or Agricultural economics) plays a role in the economics of development, for a continuous level of farm surplus is one of the wellsprings of technological and commercial growth. It was a branch of economics that specifically dealt with land usage. It also focused on maximizing the cro.....

Read More »

Libertarian Marxism

Libertarian Marxism is one of the main currents of libertarian socialism. It refers to a broad scope of economic and political philosophies that emphasize the anti-authoritarian aspects of Marxism. It has often had a strong influence on both post-left and social anarchists. It is a subcategory of.....

Read More »

Valorisation

This article talks about Valorisation, which provide for the maintaining of the value or price of by a government’s purchasing the commodity at the fixed price or by its making special loans to the producers. It refers to getting the maximum value and usefulness out of education programmes .....

Read More »

Superprofit

Superprofit is a concept in Karl Marx’s, which is excess of the actual profit of an enterprise over the amount necessary to pay interest at a particular rate on the enterprise’s contributed capital. The term “superprofit” was first used by Karl Marx in Das Kapital. It was aris.....

Read More »

Relations of Production

Relations of Production allows one to understand both the state and the market as two different forms of expression of capitalist relations and thus a particular historical form of class struggle. It refer to the social relations specific to a particular mode of production, and reserved division .....

Read More »

Exploitation of Labour

This article describe about Exploitation of Labour, which is what occurs when an employer pays laborers less than their labor is worth. It actually refers to social relations where an “actor or character of actors uses others for their own end because of a fundamentally asymmetric power rel.....

Read More »