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Guns versus Butter Model
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In macroeconomics, the guns versus butter model is an example of a simple production possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. In this example, a nation has to choose between two options when spending its finite resources. It can buy either guns or butter, or a combination of both. This can be seen as an analogy for choices between defense and civilian spending in more complex economies. The "guns or butter" model is generally used as a simplification of national spending as a part of GDP. The nation will have to decide which balance of guns versus butter best fulfill its needs, with its choice being partly influenced by the military spending and military stance of potential opponents. Researchers in political economy have viewed the trade-off between military and consumer spending as a useful predictor of election success.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786139887736
- Auflage Aufl.
- Editor Norton Fausto Garfield
- Sprache Englisch
- Größe H229mm x B152mm x T7mm
- Jahr 2011
- EAN 9786139887736
- Format Kartonierter Einband (Kt)
- ISBN 978-613-9-88773-6
- Titel Guns versus Butter Model
- Untertitel Production possibility frontier, Macroeconomics
- Gewicht 177g
- Herausgeber ANIM PUB
- Anzahl Seiten 112
- Genre Wirtschaft
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