Ecological Model of Competition
Competition, Economics, Labor force, Economic equilibrium, Capital (Economics)
978-613-9-86198-9
6139861985
112
2011-12-11
39.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The ecological model of competition is a reassessment of the nature of competition in the economy. Traditional economics models the economy on the principles of physics. This can be seen in the economics lexicon: terms like labour force, market equilibrium, capital flows, and price elasticity. This is probably due to historical coincidence. Classical Newtonian physics was the state of the art in science when Adam Smith was formulating the first principles of economics in the 18th century.
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