economic principle (P. passim) (rational principle, principle of
economy) is that between input use and yield an optimal balance must be
It exists in two versions:
(1) Maximum version: For a given allocation of resources is to achieve the best return.
(2) Minimum version: A predetermined yield can be achieved with the lowest possible use of resources.
Size (use of funds or income) must be determined. The
occasionally-heard formulation, one should "reach with the least use of
resources a maximum return," is a meaningless statement.
consistent with that principle not only the student who concentrated
all his labor power to the study to place the best possible exam is;
economically are also those students who want to merely exist and only
necessary time invested in his studies.
The power transmitted to the area an economic activity rational principle. Generally,
it can be interpreted as follows: Given a performance can be achieved
with the least possible use of production factors or coexisting factor
input is maximize performance. Since
the combination process in an enterprise production factors are not
comparable, the production factor quantities evaluated with the values
and prices and thus made the same name as a cost. The
economic principle can then be interpreted as follows: A specific
performance is to achieve the lowest possible cost and with a certain
given cost deployment is the largest possible production capacity to
achieve. Economy principle.
economic principle is based on the rational principle, which states
that a goal can be reached with the least possible use of resources. Transmitted on the economy can be formulated as the rational principle economic principle in two respects:
First as the maximum principle: Given a cost of production factors, the largest possible yield goods can be reached,
Second as a minimum principle: A given property is to achieve income with the least possible use of production factors.
economic principle is a purely formal principle, which does not make
any statements about the objectives of the economic damage ftssubjektes,
but merely describes the way in which economic activity.
ö P. states that a given goal with the least possible use of funds or
with a given allocation of resources to meet the highest possible goal
can be realized. In this formulation, the ö P. expresses a formal rationality. It may therefore be referred to as content-empty. The principle can be as many substantive interpretations as there are quantitative or value goals. Only if the particular target is developed, which enables P. ö an economic action.