Economics - Assignment Point

Economics

Productive and Unproductive Labour

Productive and Unproductive Labour is situated in its context, by relating it to the central propositions of Marx’s political economy. In neoclassical economics, the distinction between productive and unproductive labour was however rejected as being largely arbitrary and irrelevant. In other w.....

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Primitive Accumulation of Capital

Primitive Accumulation of Capital was laid by the development of the productive forces, the growth of commodity and money relations, and the formation of sufficiently extensive national markets. The concept was initially called in different ways, and the expression of an “accumulation”.....

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Wage Share

This article talks about Wage Share, which is related to the capital or profit share, the part of income going to capital, and which is also known as the K–Y ratio. It is the part of national income, or the income of a particular economic sector, allocated to wages or labor. It can be defined [.....

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Service in Terms of Eeconomics

Service in Terms of Economics is consumed at the point of sale. It is a type of economic activity that is intangible, is not stored and does not result in ownership. Service include everything else: banking, communications, wholesale and retail trade, all professional services such as engineering.....

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Price War

This article actually describe about Price War, that is a intensive competition, especially among retailers, in which prices are repeatedly cut in order to undersell competitors or sometimes to force smaller competitors out of business. It may be used to increase revenue in the short term or as a.....

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Definition of Consumer

Consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements. Consumers play a vital role in the economic system of a nation. Without consumer demand, producers would lack one of the key motivation.....

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Location Intelligence

Location Intelligence is a asset management tool that allows an organization to track items of economic value that can be converted into cash. It is easily attained by utilising Geographic Information System (GIS) technology. It involves layering multiple data sets spatially and/or chronologicall.....

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Infonomics

Infonomics is the economics of information, which approach enables the organization to quantify and leverage the business value out of the entire set of data assets the organization owns. It is an enterprise management and organization concept that calls for valuating and accounting for data/info.....

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Energetics

Energetics is the premier field journal for energy economics and energy finance. It is the study of energy under transformation. It is concerned with defining relationships to describe the tendencies of energy flows and storages under transformation, defined here as phenomena which behave like hi.....

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Tax Advantage

Tax Advantage investments and accounts are used by a wide variety of investors and employees in various financial situations. It refers to the economic bonus which applies to certain accounts or investments that are, by statute, tax-reduced, tax-deferred, or tax-free. In countries in which the av.....

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Economic Production Quantity

Economic Production Quantity is designed to help inventory managers and practitioners better understand the benefits of maintaining the right amount of inventory. This method is an extension of the economic order quantity model, also known as the EOQ model. It is used to determine the optimal ord.....

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Unit of Account

This article talks about Unit of Account, which is the function of money that enables the user to keep accounts, value transactions, etc. It refers to the words that are used to describe the specific assets and liabilities that are reported in financial statements rather than the units used to me.....

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