he argues that we should invest more
121Science and technology in the People's Republic of China — has been growing rapidly. As China develops and becomes more connected to the global economy, the government has placed a stronger emphasis on science and technology as an integral part of the socio economic development of the country. This has… …
122China — This article is about the People s Republic of China. For the state commonly known as Taiwan, see the Republic of China. For other uses, see China (disambiguation). PRC redirects here. For other uses, see PRC (disambiguation). People …
123Dynamic stochastic general equilibrium — modeling (abbreviated DSGE or sometimes SDGE or DGE) is a branch of applied general equilibrium theory that is influential in contemporary macroeconomics. The DSGE methodology attempts to explain aggregate economic phenomena, such as economic… …
124Marxism — /mahrk siz euhm/, n. the system of economic and political thought developed by Karl Marx, along with Friedrich Engels, esp. the doctrine that the state throughout history has been a device for the exploitation of the masses by a dominant class,… …
125wage and salary — ▪ economics Introduction income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …
126Natural monopoly — A monopoly describes a situation where all (or most) sales in a market are undertaken by a single firm. A natural monopoly by contrast is a condition on the cost technology of an industry whereby it is most efficient (involving the lowest long… …
127Edward Teller — The native form of this personal name is Teller Ede. This article uses the Western name order. Edward Teller Edward Teller in 1958 as Director of the Lawrence Livermore Nat …
128Agricultural subsidy — An agricultural subsidy is a governmental subsidy paid to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities. Examples of such commodities… …
