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13 hours ago · Behavioral economics is the study of the psychological, cognitive, emotional, cultural and social factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by classical economic theory. [1] [2] Behavioral economics is primarily concerned with the bounds of rationality of economic agents.
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13 hours ago · The EU as a region has produced the world's second-highest number of Nobel laureates in the economics field. The European Union economy consists of an internal market of mixed economies based on free market and advanced social models. For instance, it includes an internal single market with free movement of goods, services, capital, and labour.
13 hours ago · Mutualism is an anarchist school of thought and economic theory that advocates for workers' control of the means of production, a market economy made up of individual artisans and workers' cooperatives, and occupation and use property rights. As proponents of the labour theory of value and labour theory of property, mutualists oppose all forms ...
13 hours ago · The largest component of Poland's economy is the service sector (62.3%), followed by industry (34.2%) and agriculture (3.5%). Following the economic reform of 1989, Poland's external debt has increased from $42.2 billion in 1989 to $365.2 billion in 2014. Poland shipped US$224.6 billion worth of goods around the globe in 2017, while exports ...
13 hours ago · The economy of Spain is a highly developed social market economy. [28] It’s the world's 15th largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
13 hours ago · China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [101] However, it posted one of its worst economic performances in decades because of COVID-19 in 2022. [102] In 2023, IMF predicted China to continue being one of the fastest growing major economies. [103]
13 hours ago · A wet market (also called a public market [4] or a traditional market [5]) is a marketplace selling fresh foods such as meat, fish, produce and other consumption-oriented perishable goods in a non- supermarket setting, as distinguished from "dry markets" that sell durable goods such as fabrics, kitchenwares and electronics.
