Economics - Assignment Point

Economics

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 »

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.....

Read More »

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”.....

Read More »

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 [.....

Read More »

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.....

Read More »