About: Classical general equilibrium model

Facets (new session)
Description
Metadata
Settings
- Rule:
- Inverse Functional Properties:
- "Same As":

About: Classical general equilibrium model Goto Sponge NotDistinct Permalink

An Entity of Type : yago:WikicatEconomicsModels, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon

http://dbpedia.demo.openlinksw.com/describe/?url=http%3A%2F%2Fdbpedia.org%2Fresource%2FClassical_general_equilibrium_model

The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within neoclassical economics beginning in the late 19th century.

Attributes	Values
rdf:type	yago:Assistant109815790 yago:CausalAgent100007347 yago:LivingThing100004258 yago:Model110324560 yago:Object100002684 yago:Organism100004475 yago:Person100007846 yago:PhysicalEntity100001930 yago:Worker109632518 yago:YagoLegalActor yago:YagoLegalActorGeo yago:Whole100003553 yago:WikicatEconomicsModels
rdfs:label	Classical general equilibrium model (en)
rdfs:comment	The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within neoclassical economics beginning in the late 19th century. (en)
dcterms:subject	Utility Economics models
Wikipage page ID	540392 (xsd:integer)
Wikipage revision ID	1093274475 (xsd:integer)
Link from a Wikipage to another Wikipage	Household Individual Neoclassical economics Supply and demand Wages Utility Profit (economics) Product (business) Economics models Classical economics Prices General equilibrium Labor market Production theory basics
sameAs	Classical general equilibrium model Classical general equilibrium model Classical general equilibrium model Classical general equilibrium model
dbp:wikiPageUsesTemplate	dbt:Empty_section dbt:Reflist
has abstract	The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within neoclassical economics beginning in the late 19th century. In the model, the individual is assumed to be the basic unit of analysis and these individuals, both workers and employers, will make choices that reflect their unique tastes, objectives, and preferences. It is assumed that individuals' wants typically exceed their ability to satisfy them (hence scarcity of goods and time). It is further assumed that individuals will eventually experience diminishing marginal utility. Finally, wages and prices are assumed to be elastic (they move up and down freely). The classical model assumes that traditional supply and demand analysis is the best approach to understanding the labor market. The functions that follow are aggregate functions that can be thought of as the summation of all the individual participants in the market. (en)
prov:wasDerivedFrom	wikipedia-en:Classical_general_equilibrium_model?oldid=1093274475&ns=0
page length (characters) of wiki page	5168 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Classical_general_equilibrium_model
is Link from a Wikipage to another Wikipage of	Index of economics articles Dynamic stochastic general equilibrium Classical economics
is foaf:primaryTopic of	wikipedia-en:Classical_general_equilibrium_model

Faceted Search & Find service v1.17_git139 as of Feb 29 2024

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 08.03.3330 as of Mar 19 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 60 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software