22:08 Nov 15, 2019 |
English language (monolingual) [PRO] Bus/Financial - Economics | |||||
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| Selected response from: Alexander Gulevskiy Local time: 00:35 | ||||
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5 +1 | agalmics (definition) |
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5 +1 | study and practice of the production and allocation of non-scarce goods |
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agalmics (definition) Explanation: “Agalmics is an approach to (or more properly, perhaps, an alternative to) economics which acknowledges that non-scarce goods will always be copied, whether legally or illegally: ‘With our information technologies copying data is the easiest thing in the world, so it would be foolhardy to try to fight it.’” https://ideas.ted.com/20-words-that-arent-in-the-dictionary-... Also: agalmics (uh-GAL-miks), n. [Gr. "agalma", "a pleasing gift"] The study and practice of the production and allocation of non-scarce goods. https://www.openverse.com/~dtinker/agalmics.html For non-scarce goods: https://en.wikipedia.org/wiki/Free_good |
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study and practice of the production and allocation of non-scarce goods Explanation: Found this definition in several sources, see the links below. agalmics: A form of economics concerning the "study and practice of the production and allocation of non-scarce goods," primarily via free-market trading, open-source initiatives, and flexible standards for intellectual property. Reference: http://https://en.wikibooks.org/wiki/Accelerando_Technical_C... Reference: http://zenbullets.com/blog/?p=94 |
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