Economics

Surplus labour is a concept used by Karl Marx throughout his critique of political economy. It means labour performed in excess of the labour essential…

Notions of “surplus produce” are actually used in economical thought and commerce for some time, but in Das Kapital, Theories of Surplus Value as well…

Opportunity Cost is the price of an alternative that must be forgone in buy to pursue a clear action. Put an additional way, the benefits…

Sunk Cost is a cost that was already incurred and thus can not be recovered. Sunk costs differs from other, future costs that a business…

Marxian Economics is a school of economic thought determined by of the work of Karl Marx. Marxian economics focuses on the role of labor inside…

Capital Accumulation means profits that a company uses to raise its capital starting. Capital accumulation involves acquiring more assets which can use to create much…

The law of value is a central concept with Karl Marx’s judge of political economy, first expounded with his polemic The actual Poverty of School…

This labor theory of value is a heterodox economic principle of value that argues the economic value of a good or service relies on the…

Economic Value is the worth of a good or service as dependent upon people’s preferences as well as the tradeoffs they tend to make given…

Ecological economics is a trans-disciplinary field. It’s not trying to become sub discipline of economics or even a sub discipline associated with ecology, but it…

Natural resource economics is a trans disciplinary subject of academic research within economics that aims to address the connections and interdependence between human economies and…

Carbon Accounting is computing, monitoring, bench marking as well as reporting an organisations Greenhouse Gas Emissions in a defined reporting time period. Carbon accounting relates…