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13-Aug-2017 00:48

Opportunity costs are not restricted to monetary or financial costs but could be measured by the real cost of output forgone, leisure, or anything else that provides the alternative benefit (utility).[30] It has been observed that a high volume of trade occurs among regions even with access to a similar technology and mix of factor inputs, including high-income countries.This has led to investigation of economies of scale and agglomeration to explain specialization in similar but differentiated product lines, to the overall benefit of respective trading parties or regions.[33] The general theory of specialization applies to trade among individuals, farms, manufacturers, service providers, and economies.In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like.

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Somit ist die Frage leicht zu beantworten, wieviel Mal ein Mensch in einen Kubikmeter passt.Individual agents may include, for example, households, firms, buyers, and sellers.Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labour, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies).Production is a flow and thus a rate of output per period of time.

Distinctions include such production alternatives as for consumption (food, haircuts, etc.) vs.Other broad distinctions within economics include those between positive economics, describing " is", and normative economics, advocating " ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.[4] Besides the traditional concern in production, distribution, and consumption in an economy, economic analysis may be applied throughout society, as in business, finance, health care, and government.



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