productivity wages
51Economy of South Korea — The economy of South Korea is the third largest in Asia and the 13th largest in the world by GDP (PPP) as of 2007. In the aftermath of the Korean War, South Korea grew from a poor developing country to a wealthy developed country. From the mid to …
52History of the Soviet Union (1953–1985) — The Cold War ensued as the USSR and the United States struggled indirectly for influence around the world.De Stalinization and the Khrushchev era: See also: Nikita Khrushchev After Stalin died in March 1953, he was succeeded by Nikita Khrushchev… …
53Dual Sector model — The Dual Sector model, or the Lewis model, is a model in Developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, a traditional agricultural sector and a modern industrial… …
54Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… …
55Business cycle — Economics …
56Immigration to Australia — Australian Government poster issued by the Overseas Settlement Office to attract immigrants (1928). Immigration to Australia is estimated to have begun around 51,000 years ago[1] when the ancestors of Australian Aborigines arrived on the… …
57David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died …
58Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… …
59Factor price equalization — is an economic theory, which states that the relative prices for two identical factors of production in the same market will eventually equal each other because of competition. The price for each single factor need not become equal, but relative… …
60Law of Rent — The Law of Rent was formulated by David Ricardo around 1809. It was the first clear exposition of the source and magnitude of land rents, and is among the most important and firmly established principles of economics. The Law of Rent states that… …
