the branch of social science that deals with the production and distribution and consumption of goods and services and their management (noun.cognition)
hypernym (political economy IS A KIND OF .... relation)
the branch of social science that deals with the production and distribution and consumption of goods and services and their management(noun.cognition)
the school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital and l more..the school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital and labor output by increasing the incentive to produce(noun.cognition)
(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money w more..(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham(noun.cognition)
(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices more..(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors(noun.state)