Search results for keyword: economists
law of value
Value is the exact meaning of all things, the responsibility of everything, and the duty of all of us.
The pursuit of value is the mainstream of human development, the cornerstone of social progress, and the ladder of the rise and fall of the nation. Every aspect, every thought, and every detail ......
1034 
Ethan
human capital theory
Humanscapitaltheory
Humancapitaltheoryisadominationofeconomicsthatstatesthatinvestmentinhumancapital,suchaseductionandtraining,canbothimprovetheproductivityoftheindividualandincreasetheirlongtermvalueonthejobsmarket.ThistheorywasfirstintroducedbytheAmericaneconomistGaryBeckerinhisbook“HumanCapita......
Theory of Social Organization and Economic Organization
Society and Economic Organization Theories
The field of sociology is constantly looking for ways to explain and predict behavior in society in a holistic way. This search has taken the form of many different theories and models which propose distinct ways of thinking about how and why human socie......
statistical forecasting
Statistics and Predictive Modeling
Statistics and predictive modeling are used in a variety of fields to predict the future. In business, for example, these methods can be used to forecast profits and analyze customer behavior. In science, statistics and predictive modeling allow researchers to e......
Worston model
Introduction
The Solow-Swan model, also known as the neoclassical growth model, is an economic model of long-run economic growth. Developed independently in 1956 by American economists Robert Solow and Trevor Swan, it seeks to analyze the determinants of capital accumulation and economic growth i......
why-why analysis
Introduction
Why and how people make decisions has been of great interest to philosophers, psychologists, economists, and other disciplines for centuries. It is complex and critical to know about decision making. This essay will focus on the concept of analysis and why it is important for decisio......
Higgins sustainable growth model
Introduction
The Solow-Hicks-Kaldor-Metcalfe sustainable growth model, introduced in 1956 by British economists Roy F. Harrod and Evsey Domar, is one of the leading models used to explain economic growth. This model is based on the idea that long-term economic growth can be achieved through capi......
present value index method
Present Value Index Method
The present-value index (PVI) method is an analytical technique for measuring and comparing price differentials for similar products and services over time. This method calculates an index by setting a base period and by combining price changes for various products that......
market power theory
Introduction
Power, in its various forms, is a concept found in the study of politics and its related disciplines such as international relations, public administration, and organization behavior. Power is the ability of an actor to influence the actions of others. Actors can range from individua......
mathematical model
Mathematical Modeling
Mathematical modeling is the use of sophisticated mathematics to analyze and explore real-world problems. Models can range in complexity from simple algebraic equations to complex numerical simulations involving millions of variables and millions of calculations. From physic......
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