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equilibrium theory
Introduction
Equity Theory is a cognitive social-exchange theory used to explore how people make decisions about the distribution of resources within their relationships (Furnham, 2001). The theory explains how individuals balance inputs and outputs within their relationships to determine the perc......
02/07/2023 
1038 
Oliver
monetarism
1. Introduction
Monetarism is a school of thought within the fields of macroeconomics, monetary economics and monetary policy that emphasizes the role of money and the role of the central banks in determining the price level and overall economic activity. It is closely related to the broader fiel......
Theoretical Economics
Introduction
Economics, as defined in its general sense, is the study of how goods and services are produced and distributed. Consequently, it is typically divided into two sub-disciplines, microeconomics and macroeconomics. Both of these, in turn, are based on the classical economic theory.
The......
Western Fiscal Theory
Fiscal Theory
Fiscal theory is the branch of economics that engages with the taxation and spendings of a government and its impact on the economy. It concentrates on the way governments fund their activities, how those funds are allocated for certain activities, and how those activities have an e......
adam smith question
adam Smith: his Influence and Impact on Modern Economics
adam Smith, born in Scotland in 1723, was a moral philosopher, political economist, and a pioneer of economic theory. He is widely regarded as the father of modern economics and capitalism, and is credited with establishing the discipline o......
Economic Development Theory
The Theory of Economic Development
Economic development is an important concept in the study of economics. It is generally defined as the expansion of a countrys economy in terms of productivity, output, and purchasing power, and can be measured by such factors as gross domestic product (GDP), to......
Equal drop ratio
What is Equity or Equity Theory?
Equity or Equity Theory is a social exchange theory that explains how people attempt to maintain fairness and equity in relationships. The underlying assumption behind this theory is that people have a need to feel that they are being treated equitably. That is, p......
patent exhaustion
Patent exhaustion is a legal principle which states that, with the purchase of a legally reimbursed patent, the holder should not be able to enforce his or her patent rights further beyond the initial sale. Despite being a legal principle, which is established through a case-by-case basis, any pat......
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