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The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ([2] 1960 ...
Military branch. A United States Armed Forces Joint-Service Color Guard. This color guard consists of personnel from 5 of the 6 military branches of the United States Armed Forces (Army, Marines, Air Force, Navy, and Coast Guard). Military branch (also service branch or armed service) is according to common standard a subdivision of the ...
War finance is a branch of defense economics. The power of a military depends on its economic base and without this financial support, soldiers will not be paid, weapons and equipment cannot be manufactured and food cannot be bought. Hence, victory in war involves not only success on the battlefield but also the economic power and economic ...
The United States Space Force (USSF) is the United States Armed Forces' space force and is the newest military branch. Originally established in 2019, it traces its history through Air Force Space Command and the Western Development Division to 1954. The United States Space Force is the principal space service, responsible for space warfare ...
t. e. Military organization (AE) or military organisation (BE) is the structuring of the armed forces of a state so as to offer such military capability as a national defense policy may require. Formal military organization tends to use hierarchical forms (see Modern hierarchy for terminology and approximate troop strength per hierarchical unit).
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. Militaries are typically authorized and maintained by a sovereign state, with their members identifiable by a distinct military uniform. They may consist of one or more military branches such as an army, navy, air ...
The military–industrial complex (MIC) is a phrase originally coined by U.S. President Dwight D. Eisenhower to describe the relationship between the military and the defense industry that supplies it with weapons, equipment, and services. Originally, the military-industrial complex referred to the nexus of defense contractors and policymakers ...
A war economy or wartime economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence." Some measures taken include the increasing of interest rates as well as the ...