Search results for keyword: proposals
Bidding without base bid
Over the past several years, the use of open and transparent bidding processes has increasingly become a normal part of the business world. Many companies now prefer to give potential suppliers the opportunity to compete for contracts through a fair and open bidding process rather than simply awar......
06/07/2023 
1048 
Oliver
shadow price
The Shadow Price: A Unique Tool for Economic Valuation
The shadow price, or shadow cost, is an economic tool developed by economists to measure the economic value of an asset or a decision. It is calculated by assigning a “shadow value” to each option that is either greater or less than their m......
Taxation Principles of Simon Sismondi
Simon Sismondi’s Taxation Principles
Simon Sismondi (1773–1842) was an influential Swiss economist and politician who is remembered for his proposals for government action to address issues of public finance, economic development, and international trade. He argued that the state had a role to ......
On-site bid award and evaluation method
Live Bidding and Evaluation Method
Introduction
Live bidding and evaluation is a process that utilises a combination of auction and firms’ proposals and presentations in order to acquire goods and services for an organisation. It is usually used for procurements that require highly technical pr......
The Tax Thoughts of John Maynard Keynes
John Maynard Keynes was an influential British economist of the 20th century and one of the most illustrious contributors towards the development of modern economic analysis and policy. Throughout his life, he used theoretical models and principles to propose solutions to pressing social, politic......
Comprehensive Utilization Planning Method
Integrated Utilization Planning Methods
Integrated utilization planning involves taking a systematic approach to assessing resource utilization in a given region or planning area. This assessment includes a comprehensive evaluation of existing and proposed land uses, natural resources, and infras......
Cheque
Wealth Inequality in America
Wealth inequality is one of the biggest economic challenges facing the United States today. It has been a major issue for decades, but has been pushed to the forefront of political and economic discourse as a result of the recent financial turmoil and global recession......
radical economics
Radical economics is a term often used but rarely understood. It is a complex way of thinking that looks at the economic system from an alternative standpoint to conventional economics. It is also known asheterodox and non-mainstream economics.
Theory of radical economics
The core idea behind ra......
Collective Bargaining Wage Theory
Collective Wage Negotiations
Collective wage negotiations are a complex and often difficult process. Generally speaking, collective wage negotiations are the process of bargaining between employer and employee representatives in order to establish an agreeable wage structure for the entire employ......
Budget crisis
Fiscal Cliff
The fiscal cliff is a combination of actions that Congress can take or not take that, if left unchecked, will lead to dramatic and potentially damaging spending cuts and tax increases for individuals and businesses in the United States. In the simplest of terms, it is the outcome of ......
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