Guns versus butter model
id:
guns-versus-butter-model-284-15395690
title:
Guns versus butter model
text:
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for choices between defense and civilian spending in more complex economies. The nation will have to decide which balance of guns versus butter best fulfills its ne
brand slug:
wiki
category slug:
encyclopedia
description:
Macroeconomic relationship between defense spending and civilian welfare
original url:
https://en.wikipedia.org/wiki/Guns_versus_butter_model
date created:
date modified:
2023-11-11T12:03:28Z
main entity:
{"identifier":"Q11937141","url":"https://www.wikidata.org/entity/Q11937141"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/6/67/Production_Possibilities_Frontier_Curve.svg","width":470,"height":475}
fields total:
13
integrity:
15