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The phrase "supply creates its own demand" appears earlier, in quotes, in a 1934 letter of Keynes, [3] and has been suggested that the phrase was an oral tradition at Cambridge, in the circle of Joan Robinson, [3] and that it may have derived from the following 1844 formulation by John Stuart Mill: [4] Nothing is more true than that it is ...
Throughout Muslim history, slaves served in various social and economic roles, from powerful emirs to harshly treated manual laborers. Slaves were widely employed in irrigation, mining, and animal husbandry, but most commonly as soldiers, guards, domestic workers, [5] and concubines (sex slaves). [6]
v. t. e. Trickle-down economics refers to economic policies that disproportionately favor the upper tier of the economic spectrum, comprising wealthy individuals and large corporations. The policies are based on the idea that spending by this group will "trickle down" to those less fortunate in the form of stronger economic growth. [1]
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The Storming of the Bastille ( French: Prise de la Bastille [pʁiz də la bastij]) occurred in Paris, France, on 14 July 1789, when revolutionary insurgents attempted to storm and seize control of the medieval armoury, fortress and political prison known as the Bastille. After four hours of fighting and 94 deaths the insurgents were able to ...
Egg – O (the letter O loosely resembles the shape of an egg) Elected – IN. Electricity – AC (alternating current), DC (direct current) Eleven – II (II looks similar to 11), or XI ( Roman numerals) End of war – VE ( Victory in Europe, the end of World War II) Energy – E, J (joule) Engagement - GIG.
Demand management. Demand management is a planning methodology used to forecast, plan for and manage the demand for products and services. This can be at macro-levels as in economics and at micro-levels within individual organizations. For example, at macro-levels, a government may influence interest rates to regulate financial demand.
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