Economics

Definition

The definition of economics is the study of how societies allocate scarce resources to produce goods and services while a state's economic development influences military operations. Economically developed states tend to field more effective military forces, with military power rooted in a state's economy rather than its political institutions, culture, or education system. Economic development is a primary determinant of military effectiveness, impacting international cooperation, trade policy, war causation, and termination. A state's military power is a function of its material resources and how effectively it can translate them into force, known as military effectiveness. Economically developed states are more likely to possess the technological capacity, managerial skills, and political environments conducive to military proficiency.

Source

Beckley, M. 2010. Economic Development and Military Effectiveness, pp. 43-79

https://www.tandfonline.com/doi/full/10.1080/01402391003603581#d1e641

Key words

Economics

Scarce Resources

Military Operations

Economic Development

Military Power

International Cooperation

Technological Capacity

Managerial Skills

Military Proficiency

Resource Allocation