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Scarcity Problem
In economics, scarcity "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good."Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. If the conditions of scarcity did not exist and an "infinite amount of every good could be produced or human wants fully satisfied ... there would be no economic goods, i.e. goods that are relatively scarce..." Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities. The opposite of scarcity is Post-scarcity economy, abundance. Scarcity plays a key role in economic theory, and it is essential for a "proper definition of economics itself".Montani G. (1987) Scarcity. In: Palgrave Macmillan (eds) ''The New Palgrave Dictionary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aftermath Of Seattle Fire Of June 6, 1889, Showing Bread Line Leading To Tent Of Tacoma Relief Bureau (CURTIS 533)
Aftermath may refer to: Companies * Aftermath (comics), an imprint of Devil's Due Publishing * Aftermath Entertainment, an American record label founded by Dr. Dre * Aftermath Media, an American multimedia company * Aftermath Services, an American crime-scene cleanup company * Aftermath (website), ''Aftermath'' (website), a video game website and blog founded in 2023 Film and television Films * Aftermath (1914 film), ''Aftermath'' (1914 film), an American lost silent film * Aftermath (1927 film), ''Aftermath'' (1927 film), a German silent film * Aftermath (1990 film), ''Aftermath'' (1990 film) or ''Crash: The Mystery of Flight 1501'', an American television film * Aftermath (1994 film), ''Aftermath'' (1994 film), a Spanish short horror film by Nacho Cerdà * Aftermath (2001 film), ''Aftermath'' (2001 film), a television movie starring Meredith Baxter * Aftermath (2002 film), ''Aftermath'' (2002 film), a film starring Sean Young * Aftermath (2004 film), ''Aftermath'' (2004 film), a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disease
A disease is a particular abnormal condition that adversely affects the structure or function (biology), function of all or part of an organism and is not immediately due to any external injury. Diseases are often known to be medical conditions that are associated with specific signs and symptoms. A disease may be caused by external factors such as pathogens or by internal dysfunctions. For example, internal dysfunctions of the immune system can produce a variety of different diseases, including various forms of immunodeficiency, hypersensitivity, allergy, allergies, and autoimmune disorders. In humans, ''disease'' is often used more broadly to refer to any condition that causes pain, Abnormality (behavior), dysfunction, distress (medicine), distress, social problems, or death to the person affected, or similar problems for those in contact with the person. In this broader sense, it sometimes includes injury in humans, injuries, disability, disabilities, Disorder (medicine) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Technology
The history of technology is the history of the invention of tools and techniques by humans. Technology includes methods ranging from simple stone tools to the complex genetic engineering and information technology that has emerged since the 1980s. The term ''technology'' comes from the Greek word ''techne'', meaning art and craft, and the word ''logos'', meaning word and speech. It was first used to describe applied arts, but it is now used to describe advancements and changes that affect the environment around us. New knowledge has enabled people to create new tools, and conversely, many scientific endeavors are made possible by new technologies, for example scientific instruments which allow us to study nature in more detail than our natural senses. Since much of technology is applied science, technical history is connected to the history of science. Since technology uses resources, technical history is tightly connected to economic history. From those resources, technology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-renewable Resource
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can also occur within human lifespans. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present in vast amounts i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Market
In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of Forms of government, government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a Coordinated market economy, coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London School Of Economics
The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas and George Bernard Shaw, LSE joined the University of London in 1900 and offered its first degree programmes under the auspices of the university in 1901. LSE began awarding degrees in its own name in 2008, prior to which it awarded degrees of the University of London. It became a university in its own right within the University of London in 2022. LSE is located in the London Borough of Camden and Westminster, Central London, near the boundary between Covent Garden and Holborn. The area is historically known as Clare Market. As of 2023/24, LSE had just under 13,000 students, with the majority being postgraduate students and just under two thirds coming from outsid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marriage
Marriage, also called matrimony or wedlock, is a culturally and often legally recognised union between people called spouses. It establishes rights and obligations between them, as well as between them and their children (if any), and between them and their Affinity (law), in-laws. It is nearly a cultural universal, but the definition of marriage varies between cultures and religions, and over time. Typically, it is an institution in which interpersonal relationships, usually sexual, are acknowledged or sanctioned. In some cultures, marriage is recommended or considered to be Premarital sex, compulsory before pursuing sexual activity. A marriage ceremony is called a wedding, while a private marriage is sometimes called an elopement. Around the world, there has been a general trend towards ensuring Women's rights, equal rights for women and ending discrimination and harassment against couples who are Interethnic marriage, interethnic, Interracial marriage, interracial, In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abstinence
Abstinence is the practice of self-enforced restraint from indulging in bodily activities that are widely experienced as giving pleasure. Most frequently, the term refers to sexual abstinence, but it can also mean abstinence from alcohol (drug), alcohol, drugs, food, or other comforts. Because the regimen is intended to be a Conscious mind, conscious act, freely chosen to enhance life, abstinence is sometimes distinguished from the psychological mechanism of repression (psychological), repression. The latter is an Unconscious mind, unconscious state, having unhealthy consequences. Abstinence in religion Abstinence may arise from an ascetic over indulgent, hasidic point of view in natural ways of procreation, present in most faiths, or from a subjective need for spiritual discipline. In its religious context, abstinence is meant to elevate the believer beyond the normal life of desire, to a chosen ideal, by following a path of renunciation. In Judaism, Christianity and Islam, amo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malthusian Crisis
Malthusianism is a theory that population growth is potentially exponential, according to the Malthusian growth model, while the growth of the food supply or other resources is linear, which eventually reduces living standards to the point of triggering a population decline. This event, called a Malthusian catastrophe (also known as a Malthusian trap, population trap, Malthusian check, Malthusian snatch, Malthusian crisis, Point of Crisis, or Malthusian crunch) has been predicted to occur if population growth outpaces agricultural production, thereby causing famine or war. According to this theory, poverty and inequality will increase as the price of assets and scarce commodities goes up due to fierce competition for these dwindling resources. This increased level of poverty eventually causes depopulation by decreasing birth rates. If asset prices keep increasing, social unrest would occur, which would likely cause a major war, revolution, or a famine. Societal collapse is an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Linear Growth
In mathematics, the term linear function refers to two distinct but related notions: * In calculus and related areas, a linear function is a function whose graph is a straight line, that is, a polynomial function of degree zero or one. For distinguishing such a linear function from the other concept, the term ''affine function'' is often used. * In linear algebra, mathematical analysis, and functional analysis, a linear function is a linear map. As a polynomial function In calculus, analytic geometry and related areas, a linear function is a polynomial of degree one or less, including the zero polynomial (the latter not being considered to have degree zero). When the function is of only one variable, it is of the form :f(x)=ax+b, where and are constants, often real numbers. The graph of such a function of one variable is a nonvertical line. is frequently referred to as the slope of the line, and as the intercept. If ''a > 0'' then the gradient is positive and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resources
''Resource'' refers to all the materials available in our environment which are Technology, technologically accessible, Economics, economically feasible and Culture, culturally Sustainability, sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as Renewable resource, renewable or national and international resources. An item may become a resource with technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well. From a human perspective, a regular resource is anything to satisfy human needs and wants.WanaGopa - Nyawakan The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources for example - linked to the concepts of competition, sustainability, Conservation movement, conservation, and stewardship. In application within human society, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malthusian Growth Model
A Malthusian growth model, sometimes called a simple exponential growth model, is essentially exponential growth based on the idea of the function being proportional to the speed to which the function grows. The model is named after Thomas Robert Malthus, who wrote ''An Essay on the Principle of Population'' (1798), one of the earliest and most influential books on population."Malthus, An Essay on the Principle of Population: Library of Economics" Malthusian models have the following form: : P(t) = P_0e^ where * ''P''0 = ''P''(0) is the initial population size, * ''r'' = the population growth rate, which Ronald Fisher called the Malthusian parameter of population growth in '' The Genetical Theory of Natural Selection'', and Alfred J. Lotka called the ''intrinsic rate of increase'', * ''t'' = time. The model can also be written in the form of a differential equation: : \frac = rP with initial condition: ''P''(0)= ''P''0 This model is often referred to as the exponential law ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
