Search results
Results From The WOW.Com Content Network
Thane (/ ˈθeɪn /; Scottish Gaelic: taidhn) [1] was the title given to a local royal official in medieval eastern Scotland, equivalent in rank to the son of an earl, [2] who was at the head of an administrative and socio-economic unit known as a thanedom or thanage.
In later Anglo-Saxon England, a thegn (pronounced / θeɪn /; Old English: þeġn) or thane[ 1 ] (or thayn in Shakespearean English) was an aristocrat who owned substantial land in one or more counties. Thanes ranked at the third level in lay society, below the king and ealdormen. [ 2 ] Thanage refers to the tenure by which lands were held by a thane as well as the rank.
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
t. e. The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition ...
The mainstream economic models of the 20th century, defined here as those taught the most in Economics introductory courses around the world, are neoclassical. The Circular Flow published by Paul Samuelson in 1944 and the supply and demand curves published by William S. Jevons in 1862 are canonical examples of neoclassical economic models ...
The fundamental human needs of Max-Neef form the basis of this alternative development system. Unlike Maslow's hierarchy of needs, which focuses on a hierarchy of psychological needs, Max-Neef talks about needs that are complementary, all of which are necessary to achieve satisfaction. This proposal for an improved development system can ...
Hierarchy is an important concept in a wide variety of fields, such as architecture, philosophy, design, mathematics, computer science, organizational theory, systems theory, systematic biology, and the social sciences (especially political science). A hierarchy can link entities either directly or indirectly, and either vertically or diagonally.
A palace economy is a specific type of distribution system in which the economic activities of the civilization are conducted on or near the premises of central administration complexes, the palaces of absolute monarchs, or a group of priests in temple-led versions. It is the function of the palace administration to supply the producers with ...