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Line 54: − − == Guns and butter economic concept == − − ''See also:'' [[Guns and butter economic concept]] − − The [[guns and butter economic concept]] describes the government allocation to defense spending versus social programs.<ref>[https://www.investopedia.com/ask/answers/08/guns-butter.asp What Does "Guns and Butter" Mean in Government Spending?], Investopedia</ref> − − === Guns and butter curve === − − According to Investopedia: "The guns-and-[[butter]] curve is the classic economic example of the production possibility curve, which demonstrates the idea of [[opportunity cost]]. In a theoretical economy with only two goods, a choice must be made between how much of each good to produce. As an economy produces more guns ([[military]] spending) it must reduce its production of butter (food), and vice versa."<ref>[https://www.investopedia.com/terms/g/gunsandbutter.asp Guns-and-Butter Curve: Definition and How It Works], Investopedia</ref>
→Guns and butter economic concept
Investopedia indicates: "[[Education]] tends to raise productivity and creativity, as well as stimulate entrepreneurship and technological breakthroughs. All of these factors lead to greater output and economic growth."<ref>[https://www.investopedia.com/articles/economics/09/education-training-advantages.asp#:~:text=Education%20tends%20to%20raise%20productivity,greater%20output%20and%20economic%20growth. How Education and Training Affect the Economy]</ref>
Investopedia indicates: "[[Education]] tends to raise productivity and creativity, as well as stimulate entrepreneurship and technological breakthroughs. All of these factors lead to greater output and economic growth."<ref>[https://www.investopedia.com/articles/economics/09/education-training-advantages.asp#:~:text=Education%20tends%20to%20raise%20productivity,greater%20output%20and%20economic%20growth. How Education and Training Affect the Economy]</ref>
== Demographics and an economy ==
== Demographics and an economy ==