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Page "The Wealth of Nations" ¶ 24
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real and price
Where the industry's product price has been kept below the `` profit-maximizing '' and `` entry-limiting '' prices due to fears of public reaction, the profit seeking producers have an interest in offering little real resistance to wage demands.
We assume further that the union recognizes the possibility that price-level increases may offset wage-rate increases, and it does not entirely disregard the effect of price increases arising from its own wage increases upon the `` real '' wage rate.
The PDP-8 is referred to as the first real minicomputer because of its sub -$ 25, 000 price.
There is a probability that John might not be able to get the full $ 150, 000 he is expecting in three years due to a slowing of price appreciation, or that loss of liquidity in the real estate market might make it very hard for him to sell at all.
It can also be generalized to explain variables across the economy, for example, total output ( estimated as real GDP ) and the general price level, as studied in macroeconomics.
Some writers have argued that with detailed use of real unit accounting and demand surveys a planned economy could operate without a capital market, in a situation of abundance, The purpose of the price mechanism is to allow individuals to recognise the opportunity cost of decisions: in a state of abundance, there is no such cost.
Speculation bubbles and the type of herd behavior often observed in stock markets are quoted as real life examples of non-equilibrium price trends.
Signs of guild behavior in real estate brokerage include: standard pricing ( 6 % of the home price ), strong affiliation among all practitioners, self-regulation ( see National Association of Realtors ), strong cultural identity ( see Realtor ), little price variation with quality differences, and traditional methods in use by all practitioners.
While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases rapidly as the functional or internal currency, as opposed to a foreign currency.
The theory suggests that if there is an increase in the price of a good, the owners of the factor of production specific to that good will profit in real terms.
However, in the second half of the 1980s, rising stock and real estate prices caused the Japanese economy to overheat in what was later to be known as the Japanese asset price bubble caused by the policy of low interest rate by Bank of Japan.
Originally, it was considered a somewhat expensive fad, as it lacked the live atmosphere of a real performance and 100 yen in the 1970s was the price of two typical lunches, but it caught on as a popular kind of entertainment.
Both David Ricardo and Karl Marx attempted to quantify and embody all of the labor components in order to set the real price, or natural price of a commodity.
The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
The real value of all the different component parts of price, it must be observed, is measured by the quantity of labour which they can, each of them, purchase or command.
Note that while such perfect price discrimination is still a theoretical construct, it is becoming increasingly real with advances of information technology and micromarketing.
The bursting of a real estate or financial asset price bubble can cause a recession.
Till Q2 2012, Spanish banks were allowed to report real estate related assets in higher non-market price by regulators.
Adjusted for changes in the annual price index, pensions went up in real terms by 5. 1 % ( 1975 ), 6. 7 % ( 1976 ), 6. 2 % ( 1977 ), 0. 4 % ( 1979 ), and 0. 6 % ( 1982 ).
Adjusted for changes in the annual price index, pensions went up in real terms by 3. 1 % ( 1970 ), 0. 3 % ( 1971 ), 3. 9 % ( 1972 ), 4. 4 % ( 1973 ), and 4. 2 % ( 1974 ).
The subject of industrial organization applies the economics ’ model of price theory to the real world industries.
Mathematically, the LM curve is defined by the equation, where the supply of money is represented as the real amount M / P ( as opposed to the nominal amount M ), with P representing the price level, and L being the real demand for money, which is some function of the interest rate i and the level Y of real income.

real and every
With three fine Russian films in recent months on World War 2, -- `` The House I Live In '', `` The Cranes Are Flying '' and `` Ballad Of A Soldier '' -- we had every right to expect a real Soviet block-buster in `` The Day The War Ended ''.
For example, if we abbreviate by BP the claim that every set of real numbers has the property of Baire, then BP is stronger than ¬ AC, which asserts the nonexistence of any choice function on perhaps only a single set of nonempty sets.
In analytic geometry, the plane is given a coordinate system, by which every point has a pair of real number coordinates.
Thus, a single " rule ," like mapping every real number x to x < sup > 2 </ sup >, can lead to distinct functions and, depending on whether the images under that rule are understood to be reals or, more restrictively, non-negative reals.
Then, since every real is the limit of some Cauchy sequence of rationals, the completeness of the norm extends the linearity to the whole real line.
* Every unital real Banach algebra with no zero divisors, and in which every principal ideal is closed, is isomorphic to the reals, the complexes, or the quaternions.
for every integer r ≥ 0 and every real number x ≥ − 1.
for every integer r ≥ 2 and every real number x ≥ − 1 with x ≠ 0.
Historians show that every real conspiracy has had at least four characteristic features: groups, not isolated individuals ; illegal or sinister aims, not ones that would benefit society as a whole ; orchestrated acts, not a series of spontaneous and haphazard ones ; and secret planning, not public discussion.
For every real number x, the cumulative distribution function of a real-valued random variable X is given by
of real numbers is called Cauchy, if for every positive real number ε, there is a positive integer N such that for all natural numbers m, n > N
In his 1799 doctorate in absentia, A new proof of the theorem that every integral rational algebraic function of one variable can be resolved into real factors of the first or second degree, Gauss proved the fundamental theorem of algebra which states that every non-constant single-variable polynomial with complex coefficients has at least one complex root.
* 1799: Doctoral dissertation on the Fundamental theorem of algebra, with the title: Demonstratio nova theorematis omnem functionem algebraicam rationalem integram unius variabilis in factores reales primi vel secundi gradus resolvi posse (" New proof of the theorem that every integral algebraic function of one variable can be resolved into real factors ( i. e., polynomials ) of the first or second degree ")
This is an infinite sum which has one summand for every p in the domain of F. The requirement that the domain be prefix-free, together with Kraft's inequality, ensures that this sum converges to a real number between 0 and 1.
is in C. In other words, every point on the line segment connecting x and y is in C. This implies that a convex set in a real or complex topological vector space is path-connected, thus connected.
Indeed, following, suppose ƒ is a complex function defined in an open set Ω ⊂ C. Then, writing for every z ∈ Ω, one can also regard Ω as an open subset of R < sup > 2 </ sup >, and ƒ as a function of two real variables x and y, which maps Ω ⊂ R < sup > 2 </ sup > to C. We consider the Cauchy – Riemann equations at z = 0 assuming ƒ ( z ) = 0, just for notational simplicity – the proof is identical in general case.
Conversely, every point on the line can be interpreted as a number in an ordered continuum which includes the real numbers.
; On time data warehouse: Online Integrated Data Warehousing represent the real time Data warehouses stage data in the warehouse is updated for every transaction performed on the source data
The field of definable numbers is not complete ; there exist convergent sequences of definable numbers whose limit is not definable ( since every real number is the limit of a sequence of rational numbers ).
Scott Miller of 3D Realms recalled that " with Duke 3D, unlike every shooter that came before, we wanted have sort of real life locations like a cinema theatre, you know, strip club, bookstores ..."

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