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Successful adjustment happens in two ways through wages and through prices.
But there are many other ways that these wage increases get absorbed, such as through prices, profits and productivity.
An agent could be a person or a company for example, interacting with each other through prices, in a market.
The model constructed is used to study the effects of the electricity shortage in the preexisting sector through prices, production and income changes.
Under the assumption that the effects of trade were mediated through prices and income, the possible linkage between trade liberalization and obesity was also studied.
The poorer countries and the poorer two-thirds of the world's population therefore suffer a double marginalisation: once through incomes, again through prices.
Similar(35)
In the ensuing excitement over huge profits from the sales of mega-hit video releases, which were reduced to low sell-through prices, the studios' libraries of vintage movies went largely overlooked.
This is done through price incentives.
Industrial reforms could affect land allocation through price incentives.
On Wall Street, information is conveyed through price.
Paperless Post makes its money through pricing units called "stamps".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com