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1 mar 2023 · This chapter introduces in detail the quality concept; various terminologies used; historical aspects and evolution of quality across the globe; benefits, relevance, and significance of quality management, tools, and method; and its need and impact on global trade and economic growth.
Understanding the key differences between quality and quantity is essential for making informed decisions that align with our objectives and values. This article explores these differences, how they manifest in various domains, and offers insights into finding a balanced approach. The debate between quality and quantity is as old as time.
The idea, still fashionable among neo-classical economists, that economics should not go beyond measuring quantity is itself a value. It avoids issues of context as well as of quality, and therefore can lead to mistaken decisions which are unresponsive to genuine human needs.
Quality refers to the standard or level of excellence of a particular item, while quantity refers to the amount or number of that item. Both attributes have their own merits and are often considered in various contexts.
Business Environment Meaning. No business can exist in a vacuum. The rapidly changing business environment might shorten the life of a given strategy. The external changes might influence the activities and quality of decisions of both the firm and its competitors.
In order to limit and define the task, I shall consider two ordinary concepts which have fundamental places in our common conceptual scheme for dealing with the world and its contents, that of a thing and that of an activity. Ordinary English has been partly penetrated by economic or market conceptions, but by considering old and funda
1 Economic ontology: what? why? how? 2 The empirical presuppositions of metaphysical explanations in economics; 3 Quality and quantity in economics: the metaphysical construction of the economic realm; II Rationality and homo economicus; Part III Micro, macro, and markets; Part IV The world of economic causes; Part V Methodological implications ...
