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Economic rents |
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Economic rentsProfits in excess of the competitive level.Economic rents Similar MatchesNoneconomic objectives argument for protectionNoneconomic objectives argument for protectionThe view that a restriction on imports may serve a purpose outside of conventional economic models. Unless that purpose is itself the restriction of trade, then this is a second-best argument, since changes in output, consumption, etc. can be achieved at lower economic cost in other ways. Economic freedomEconomic freedomFreedom to engage in economic transactions, without government interference but with government support of the institutions necessary for that freedom, including rule of law, sound money, and open markets. Economic indicatorEconomic indicatorAn variable that is measured and publicly reported and that is considered meaningful not only for itself but as a sign of how rapidly the larger economy is expanding or contracting. Economic incomeEconomic incomeCash flow plus change in present value. Economic efficiencyEconomic efficiencyThe extent to which a given set of resources is being allocated across uses or activities in a manner that maximizes whatever value they are intended to produce, such as output, market value, or utility. Contrasts with engineering efficiency, which focuses within a single activity on the output it produces per unit input. Further SuggestionsCouncil for Mutual Economic AssistanceNew Economic Geography Economic indicators Welfare economics Economic shock Economic exposure Economic rent Organization for Economic Cooperation and Development (OECD) Economic sanction Economic and Monetary Union Economic contraction Economics Economic interdependence Leading economic indicators Economic dependence Supply side economics Asia Pacific Economic Cooperation Pact (APEC) Economic growth Economic geography Second theorem of welfare economics Chinese Economic Area Neoclassical economics Economic exposure Economic rate of return microeconomics |
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