scarce inputs
1Subsidies in India — This article provides information on government subsidies in India.IntroductionA subsidy, often viewed as the converse of a tax, is a potent welfare augmenting instrument of fiscal policy. Derived from the Latin word ‘subsidium’, a subsidy… …
2Society of the People's Republic of China — The People s Republic of China, the world s largest society, is united by a set of values and institutions that cut across extensive linguistic, environmental, and subcultural differences. Chinese society, since the second decade of the twentieth …
3Marginal Rate Of Transformation — The rate at which one good must be sacrificed in order to produce a single extra unit (or marginal unit) of another good, assuming that both goods require the same scarce inputs. The marginal rate of substitution is tied to the production… …
4David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died …
5History of agriculture in the People's Republic of China — For over 4,000 years, China has been a nation of farmers. By the time the People s Republic of China was established in 1949, virtually all arable land was under cultivation; irrigation and drainage systems constructed centuries earlier and… …
6Heckscher-Ohlin model — The Heckscher Ohlin model (H O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo s theory of comparative… …
7Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …
8Economic history of the People's Republic of China — Throughout most of the nineteenth and twentieth centuries, as during much of earlier Chinese history, the economy was barely able to meet the basic needs of the country s huge population the largest in the world. In normal years the economy… …
9economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… …
10economic development — Process whereby simple, low income national economies are transformed into modern industrial economies. Theories of economic development the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries… …
