scarce product
31Artificial scarcity — describes the scarcity of items even though the technology and production capacity exists to create an abundance. The term is aptly applied to non rival resources, i.e. those that do not diminish due to one person s use, although there are other… …
32environment — environmental, adj. environmentally, adv. /en vuy reuhn meuhnt, vuy euhrn /, n. 1. the aggregate of surrounding things, conditions, or influences; surroundings; milieu. 2. Ecol. the air, water, minerals, organisms, and all other external factors… …
33Austrian school of economics — Body of economic theory developed by several late 19th century Austrian economists. Carl Menger (1840–1921) published a paper on their new theory of value in 1871. The concept of value was subjective, the source of a product s value being its… …
34technology, history of — Introduction the development over time of systematic techniques for making and doing things. The term technology, a combination of the Greek technē, “art, craft,” with logos, “word, speech,” meant in Greece a discourse on the arts, both… …
35work, history of the organization of — Introduction history of the methods by which society structures the activities and labour necessary to its survival. work is essential in providing the basic physical needs of food, clothing, and shelter. But work involves more than the use …
36Capitalism — Liberal market economy redirects here. For the ideology behind this economic system, see Economic liberalism. Free enterprise redirects here. For the 1999 film, see Free Enterprise (film). For other uses, see Capitalism (disambiguation). Part of… …
37Economic 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… …
38modernization — See modernize. * * * Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important,… …
39economic planning — Use of government to make economic decisions with respect to the use of resources. In communist countries with a state planning apparatus, detailed and rigid planning results in a command economy; land, capital, and the means of production are… …
40Iron Age — This article is about the historical / archaeological period known as the Iron Age. For the mythological Iron Age, see Ages of Man. Iron Age This box: view · talk · …
