economy

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economy

 [e-kon´o-me]
the management of money or domestic affairs.
token economy a program of treatment in behavior therapy, usually conducted in a hospital setting, in which the patient may earn tokens by engaging in appropriate personal and social behavior, or lose tokens by inappropriate or antisocial behavior; tokens may be exchanged for tangible rewards (such as food snacks or clothing) or for special privileges (such as watching television or passes to leave the hospital).

e·con·o·my

(ē-kon'ŏ-mē),
System; the body regarded as an aggregate of functioning organs.
[G. oikonomia, management of the house, fr. oikos, house, + nomos, usage, law]

economy

/econ·o·my/ (e-kon´ah-me) the management of domestic affairs.
token economy  in behavior therapy, a program of treatment in which the patient earns tokens, exchangeable for rewards, for appropriate personal and social behavior and loses tokens for antisocial behavior.
References in periodicals archive ?
The greater experience of these firms in the political and institutional context allows them to increase their multinational flexibility by considering investing in a wider range of countries which, in turn, permits that they select the ones in which they can obtain economies of scope to a greater extent as a benefit from their related diversification strategy.
Economies of scope from shared advertising and marketing costs could explain the overall positive pattern of the correlations.
Based on accounting controversies and the empirical evidence from early 2000s, it appears that the users assessed benefits from economies of scope and knowledge spillover are lower than the sacrifices because of compromise of auditor independence.
It is the trade-off between marginal rivalries and economies of scope in the fixed costs that leads to the simultaneous presence of vertically integrated and specialized firms.
Those who cannot exert such leadership should pursue solutions based on economies of scope.
Thus, the economies of scope are said to exist if the cost of joint production is less than the sum of the costs resulting from independent production.
The expected sign was positive, signifying that losses in economies of scope from leaving a county would be smaller in large service areas than in small ones.
Second, this article examines whether there are economies of scope between the "third sector" products (personal accident, medical expenses and nursing care expense insurance) currently offered by P/C insurers and the rest of the P/C insurance lines.
If mergers create cost synergies such as economies of scope, banks can reduce expenses.
This solution will be maintained as long as economies of scope and scale are exploited in such a way that it is financially more favourable for Norges Bank to purchase the service than to carry out the destruction itself.
As this national network evolved, carriers realized that they could obtain economies of scope by utilizing the hub-and-spoke operating not only for the transportation of LTL trucking shipments, but also for the transportation of air freight, ocean, and rail shipments.
Placing livestock enterprises close to the ethanol production facility has a potential impact resulting from reduced transportation costs, the use of wet distiller's grain, and potential economies of scope.