economic resources
31economic — ec‧o‧nom‧ic [ˌekəˈnɒmɪk◂, ˌiː ǁ ˈnɑː ] adjective [only before a noun] 1. ECONOMICS COMMERCE relating to or involving economics, money, finance, industry, trade etc: • The economic climate (= general state of the economy ) is not …
32Economic dispatch — is the method of determining the most efficient, low cost and reliable operation of a power system by dispatching the available electricity generation resources to supply the load on the system. The primary objective of economic dispatch is to… …
33Economic stratification — refers to the condition within a society where social classes are separated, or stratified, along economic lines. Various economic strata or levels are clearly manifest. While in any system individual members will have varying degrees of wealth,… …
34Economic conversion — Economic conversion, defence conversion, or arms conversion, is a technical, economic and political process for moving from military to civilian markets. Economic conversion takes place on several levels and can be applied to different… …
35Economic shortage — is a term describing a disparity between the amount demanded for a product or service and the amount supplied in a market. Specifically, a shortage occurs when there is excess demand; therefore, it is the opposite of a surplus. Economic shortages …
36Economic, social and cultural rights — are socio economic human rights; contrast with civil and political rights. Economic, social and cultural rights are included in the Universal Declaration of Human Rights and elaborated upon in the International Covenant on Economic, Social and… …
37Economic appraisal — is a type of decision method applied to a project, programme or policy that takes into account a wide range of costs and benefits, denominated in monetary terms or for which a monetary equivalent can be estimated. Economic Appraisal is a key tool …
38economic cost — ➔ cost1 * * * economic cost UK US noun [C or U] ECONOMICS ► the cost in money, time, and other resources needed in order to do something or make something: »There is always an economic cost to preserving open land. »A dangerous asset price bubble …
39economic planning — ➔ planning * * * economic planning UK US noun [U] ► ECONOMICS, GOVERNMENT decisions and activities by a government that are aimed at making a country s economy grow and be successful: »an economic planning agency/minister ► MANAGEMENT the… …
40economic hardship — UK US noun [C or U] ► ECONOMICS difficulty caused by having too little money or too few resources: »The government is stepping in, recognizing their economic hardship, and paying the interest on their loan for that period. »The economic hardships …
