growth in output
51Technical progress function — The technical progress function is a concept developed by Nicholas Kaldor to explain the rate of growth of labour productivity as a measure of technical progress:The function is described by the following statements:#The larger the rate of growth …
52Accelerator effect — The accelerator effect in economics refers to a positive effect on private fixed investment of the growth of the market economy (measured e.g. by Gross Domestic Product). Rising GDP (an economic boom or prosperity) implies that businesses in… …
53Economy of Zambia — Infobox Economy country = Zambia currency = Zambian kwacha (ZMK) year = calendar year organs = WTO, SADC rank = 105th gdp = $15.93 billion (2007) growth = 6.0% (2007) per capita = $1400 (2007) sectors = agriculture: 22%, industry: 29%, services:… …
54Agriculture in the People's Republic of China — China has the world s largest agricultural economy and one of the most varied. The nation stands first among all others in the production of rice, cotton, tobacco, and hogs and is a major producer of wheat, corn, millet, tea, jute, and hemp. This …
55Economy of the Soviet Union — The economy of the Soviet Union was based on a system of state ownership, administrative planning, socialist competition and free labour. The Soviet Union created the modern world s first centrally planned economy. The first major project of… …
56List of eponymous laws — This list of eponymous laws provides links to articles on laws, adages, and other succinct observations or predictions named after a person. In some cases the person named has coined the law – such as Parkinson s law. In others, the work or… …
57Verdoorn's Law — is named after Dutch economist, Jake Verdoorn. In economics, this law pertains to the relationship between the growth of output and the growth of productivity. According to the law, faster growth in output increases productivity due to increasing …
58Zambia — <p></p> <p></p> Introduction ::Zambia <p></p> Background: <p></p> The territory of Northern Rhodesia was administered by the [British] South Africa Company from 1891 until it was taken over by the… …
59Stylized fact — In social sciences, especially economics, a stylized fact is a simplified presentation of an empirical finding. [Thomas Cooley, ed., (1995): Frontiers of Business Cycle Analysis , page 3. Princeton University Press, ISBN 069104323X.] A stylized… …
60David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died …
