BENEFIT per unit cost 2)5)
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The relation between a system's input and the resources that it must spend in order to obtain them.
This relation must remain positive, i.e. it should yield a better than average return, at least as a general mean.
This is a very general relation, that can be observed from Biology and Animal Ecology to Business and Economics
In Economics for example, it is expressed through marginal utility.
It obviously governs behavior in any system in its relations with its environment.
When the costs of obtaining needed inputs cross a specific threshold, the system is losing its balance. If this situation is not corrected, the system could be on its way toward collapse of bankrupcy.
Categories
- 1) General information
- 2) Methodology or model
- 3) Epistemology, ontology and semantics
- 4) Human sciences
- 5) Discipline oriented
Publisher
Bertalanffy Center for the Study of Systems Science(2020).
To cite this page, please use the following information:
Bertalanffy Center for the Study of Systems Science (2020). Title of the entry. In Charles François (Ed.), International Encyclopedia of Systems and Cybernetics (2). Retrieved from www.systemspedia.org/[full/url]
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