The economic principle encompasses a wide variety of economic laws and theories that define or explain how an economy attempts to satisfy the unlimited demand in the marketplace with a finite supply of resources available to do so.

In corporate finance, as part of fundamental analysis, economic value added is an estimate of a firm's economic profit, or the value created in excess of the required return of the company's shareholders. EVA is the net profit less the capital charge for raising the firm's capital. 

Economics is the study of how man attempts to satisfy his unlimited wants and needs by way of limited resources. This relative scarcity of resources implies the existence of cost and the need for choice. 

In microeconomics, economies of density are cost savings resulting from spatial proximity of suppliers or providers. Typically higher population densities allow synergies in service provision leading to lower unit costs. 

Economies of scope are "efficiencies formed by variety, not volume". In economics, "economies" is synonymous with cost savings and "scope" is synonymous with broadening production/services through diversified products.

The degree to which something is successful in producing a desired result; success.

Efficiency is the ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without waste.

The employee life cycle model (ELC) is an organizational method used to visualize how an employee engages with the company they are a part of. There are six stages involved in this model: Attraction, Recruitment, Onboarding, Development, Retention, and Separation.

Manufacturing process where product is built as per customer specifica-tion due to requiring unique engineering, design, customisation etc. 

Exists where a country can produce a good or ser-vice with the same opportunity costs than another country, i.e. their pro-duction ratios are the same. Countries with equal advantage will not trade.