How does an economic system work?

How does an economic system work? A nation’s economic system is the combination of policies, laws, and choices made by its government to establish the systems that determine what goods and services are produced and how they are allocated. Economics is the study of how a society uses scarce resources to produce and distribute goods […]

How old is the Psammead?

How old is the Psammead? Five Children and It is a children’s novel by English author E. Nesbit. It was originally published in 1902 in the Strand Magazine under the general title The Psammead, or the Gifts, with a segment appearing each month from April to December. What was the name of the sand fairy […]

What is the exploitation rate?

What is the exploitation rate? In Marxian economics, the rate of exploitation is the ratio of the total amount of unpaid labor done (surplus-value) to the total amount of wages paid (the value of labour power). The rate of exploitation is often also called the rate of surplus-value. How do you compute for exploitation rate? […]

What is a Cuban 8 maneuver?

What is a Cuban 8 maneuver? : an acrobatic maneuver by an airplane consisting of three-quarters of a normal loop, a half roll, three quarters of another normal loop, and another half roll followed by recovery from the dive to straight level flight. Is a spin an aerobatic maneuver? In the classical sense, the term […]

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