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| | {{GlossaryTermTemp | | {{GlossaryTermTemp |
| | |Ambiguities=Input-output relation | | |Ambiguities=Input-output relation |
| − | |Definition=the economic principle is a concept from the economic theory. The basic idea of the principle is that economic entities, e.g. companies or individuals, use scarce commodities/production factors according to their personal preferences to achieve a utility maximization/profit maximisation. | + | |Definition=The economic principle is a concept from the economic theory. The basic idea of the principle is that economic entities, e.g. companies or individuals, use scarce commodities/production factors according to their personal preferences to achieve a utility maximisation/profit maximisation. |
| | |Sources=https://www.enargus.de/pub/bscw.cgi/d3463284-2/*/*/%c3%96konomisches%20Prinzip.html?op=Wiki.getwiki | | |Sources=https://www.enargus.de/pub/bscw.cgi/d3463284-2/*/*/%c3%96konomisches%20Prinzip.html?op=Wiki.getwiki |
| | }} | | }} |
Latest revision as of 10:11, 16 November 2017
[edit] Definition
The economic principle is a concept from the economic theory. The basic idea of the principle is that economic entities, e.g. companies or individuals, use scarce commodities/production factors according to their personal preferences to achieve a utility maximisation/profit maximisation.
[edit] Abbreviation
[edit] Synonyms
Input-output relation
[edit] Superterms
[edit] Subterms
[edit] Sources
https://www.enargus.de/pub/bscw.cgi/d3463284-2/*/*/%c3%96konomisches%20Prinzip.html?op=Wiki.getwiki
