`` As we look to the $800 billion economy that is predicted for 1970 and the increase of about 40% in consumer expenditures that will be required to reach that goal, management can well be restless about how this tremendous volume and number of new products will be created and marketed '', Peterson said.

Its wide use can be attributed to its simplicity of design and manufacture, and the economy of creating it.

A more refined measure for this exercise is to weigh the completed bridge rather than measure against a fixed quantity of materials provided and determine the multiple of this weight that the bridge can carry, a test that emphasizes economy of materials and efficient glue joints ( see balsa wood bridge ).

* Absence of common measure of value: In a monetary economy, money plays the role of a measure of value of all goods, so their values can be measured against each other ; this role may be absent in a barter economy.

More direct government involvement can lead to specific areas of crony capitalism, even if the economy as a whole may be healthy.

Because a geographically dispersed population can be expensive to survey, greater economy than simple random sampling can be achieved by treating several respondents within a local area as a cluster.

The economy of Crete is predominantly based on agriculture and is one of the few Greek islands that can support itself independently without a tourism industry.

The justification for central planning is that the consolidation of economic resources can allow for the economy to take advantage of more perfect information when making decisions regarding investment and production.

In an entirely centralized economy, a universal survey of human needs and consumer wants is required before a comprehensive plan for production can be formulated.

The state can begin building a heavy industry at once in an underdeveloped economy without waiting years for capital to accumulate through the expansion of light industry, and without reliance on external financing.

Turbocharging can improve the fuel economy of diesel engines by recovering waste heat from the exhaust, increasing the excess air factor, and increasing the ratio of engine output to friction losses.

In the simplest case an economy can produce just two goods ( say " guns " and " butter ").

Much applied economics in public policy is concerned with determining how the efficiency of an economy can be improved.

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.

Opponents argued that in principle an economy can be seen as a set of equations.

* How can people protect themselves against unforeseen personal events, as well as those in the external economy?

According to Bloch, other elements of society can be seen in feudal terms ; all the aspects of life were centered on " lordship ", and so we can speak usefully of a feudal church structure, a feudal courtly ( and anti-courtly ) literature, and a feudal economy.

Some economy of data is possible where a frame need only rewrite a portion of the pixels of the display, because the Image Descriptor can define a smaller rectangle to be rescanned instead of the whole image.

Mining in 19th century South Wales is a case study of how an economy can come to rely on one form of business.

Japanese economy can be fore-casted by Quarterly Tankan survey of business sentiment by the Bank of Japan.

Marx noted that this was not an intentional process ; rather, no individual or even state can go against the forces of economy.

Thus, according to Keynesian theory, some individually-rational microeconomic-level actions such as not investing savings in the goods and services produced by the economy, if taken collectively by a large proportion of individuals and firms, can lead to outcomes, wherein the economy operates below its potential output and growth rate.

William Styron, while facing the changing economy with a certain uneasy reluctance, insists he is not to be classified as a Southern writer and yet includes traditional Southern concepts in everything he publishes.

Lacking the pioneer spirit necessary to write of a new economy, these writers seem to be contenting themselves with an old one that is now as defunct as Confederate money.

The economy seems to be sailing along on an even keel and the 1961 hurricane season and auto strikes are at an end so they can't be blamed in November.

Another would be to take the advice of Dr. Elmer Ellis, president of the University of Missouri, and provide for an impartial professional analysis of Missouri's economy.

Without a great acceleration in the metropolitan area's economy, there will not be sufficient jobs for the growing numbers of youngsters, and St. Louis will slip into second-class status.

In preparing the state guide plan, particular attention will be given means of strengthening the economy of the state through the development of industry and recreation.

Research and development activities undertaken by the Secretary shall be coordinated or conducted jointly with the Department of Defense to the end that developments under this Act which are primarily of a civil nature will contribute to the defense of the Nation and that developments which are primarily of a military nature will, to the greatest practicable extent compatible with military and security requirements, be available to advance the purposes of this Act and to strengthen the civil economy of the Nation.

While this may well be true in general, I believe it is also important to keep in mind that some recent developments suggest that over the next year or so military electronics may be one of the most strongly growing areas in an economy which is not expanding rapidly in other directions.

Good service starts with product design and planning: Many products seem to be designed for a production economy, not for a service one.

In the future, quantitative demand will be greater because of the expansion of the economy, and the qualitative need will be greater still.

However, the monetary authorities will continue to be required to pay attention to the consequences of their actions with respect to our international balance of payments position and the outflow of gold, as well as with regard to avoiding the creation of excessive liquidity in the economy, which would delay the effectiveness of monetary policy measures in the next expansion phase of the business cycle.

The entry-limiting price will also be raised for potential domestic competition, but unless general inflation permits profit margins to increase proportionately throughout the economy, we might expect the public-limit price to approach the entry-limit price.

it may also be -- practically speaking -- a matter of good economy.

Perhaps this would be sufficient to justify an economic boycott of an entire national chain in order, by threatening potential injury to its entire economy, to effect an alteration of the policy of its local stores in the matter of segregation.

The RAND Corporation's Memorandum 5446-ISA / ARPA states: " the fact that the VC obtain most of their food from the neutral rural population dictates the destruction of civilian crops ... if they ( the VC ) are to be hampered by the crop destruction program, it will be necessary to destroy large portions of the rural economy – probably 50 % or more ".

In order to spare the economy of the community, it was ordered that appeals from the governor's decision should be heard on Crete, instead of Venice.

The attempt to turn an illiterate peasant society into an advanced industrial economy in a single decade brought intense suffering, but hardship was tolerated because, as one worker put it, Soviet workers believed in the need for " constant struggle, struggle, and struggle " to achieve a Communist society.

In the French sense, a " Malthusian economy " is one in which protectionism and the formation of cartels is not only tolerated but encouraged.

Also, leaner mixtures can also be tolerated for better fuel economy.