2 votes

Why Is Having a Strong Manufacturing Base Important to a Country's Economy?

I don't think there is one answer to this. Anything that helps you win a war needs to be produced domestically, because trade will stop during conflict. Hi-tech industries and vehicles are things ...
user27075's user avatar
1 vote

Characterizing goods by R&D costs

There is a term "non-rivalrous" which I think captures what you are asking about. Rivalrous goods are your Type B: if I have a fly swatter and give it to you then I no longer have it: if we ...
Paul Johnson's user avatar
1 vote

Is there contradiction between automation created resilience and the full employment (with high wages)?

There is not necessarily any contradiction. Full employment does not mean every single person in economy is employed. Full employment is (Worswick; 1987): Full employment does not mean zero ...
1muflon1's user avatar
  • 56.4k

Only top scored, non community-wiki answers of a minimum length are eligible