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LAW OF COMPARATIVE ADVANTAGE: A basic principle that states every nation has a production activity that incurs a lower opportunity cost than that of another nation, which means that trade between the two nations can be beneficial to both if each specializes in the production of a good with lower relative opportunity cost. While this law is fundamental to the study of international trade, it also applies to other activities, especially the specialization and the division of labor.
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                           AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE: A scientific society whose main mission is to advance science and innovation throughout the world. The American Association for the Advancement of Science (AAAS for short) publishes one of the most respected scientific magazines called Science. The association and magazine have nearly 140,000 individual and institutional subscribers, plus 272 affiliated organizations in more than 130 countries, serving a total of 10 million individuals. The American Association for the Advancement of Science was founded in 1848 to represent all disciplines of science and to support scientific exchange and discussion of science and society issues. The American Association for the Advancement of Science has many goals. Among the most important ones, it strives to foster communication among scientists, engineers and the public, to enhance international cooperation in science, to promote the responsible conduct and use of science and technology, and to foster education in science and technology for everyone. The AAAS is primarily funded through private donations.The AAAS publishes Science, which is a weekly, peer-reviewed journal that reports on significant original scientific research, plus reviews and analyses of current research and science policy. Science has headquarters in Washington, D.C., and Cambridge, U.K., and it publishes research from all fields of science. Four ProgramsThe AAAS maintains four program areas:- Science and Policy: Includes programs devoted to activities in realms where science, government and society intersect. These programs serve a number of AAAS objectives, including furthering the work of scientists, improving the effectiveness of science in the promotion of human welfare, and fostering scientific freedom and responsibility
- International Programs: Programs devoted to enhance cooperation between scientists and engineers in the United States and those of other countries. Programs are designed to strengthen the role of scientists and engineers in developing countries and to increase the contribution of science and technology to the solution of regional and global problems.
- Education and Human Resources: Programs designed to promote science, technology, engineering and mathematics education. These program target a diverse audience including schools, teachers and librarians, children, families and communities, higher education, and the public.
- Project 2061: A long-term AAAS initiative to advance literacy of science, mathematics and technology. In a 1989 publication of Science, Project 2061 set out recommendations for what all students should know and be able to do in science, mathematics, and technology by the time they graduate from high school. The project laid the groundwork for the nationwide science standards movement of the 1990s.
Recognitions As part of its efforts for the advancement of science, the AAAS also keeps two programs to recognize distinguished scientists:- Fellowships: Election as a fellow of AAAS is an honor bestowed upon members by their peers. Fellows are recognized for meritorious efforts to advance science or its applications.
- Awards: To recognize scientists, journalists, and public servants for significant contributions to science and to the public's understanding of science
Recommended Citation:AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2018. [Accessed: September 25, 2018].
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Today, you are likely to spend a great deal of time at a crowded estate auction seeking to buy either a flower arrangement for that special day for your mother or a New York Yankees baseball cap. Be on the lookout for the happiest person in the room.
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Post WWI induced hyperinflation in German in the early 1900s raised prices by 726 million times from 1918 to 1923.
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"If I'm selecting a group, the first thing I look for is a record of achievement . . . If (candidates achieve) in small things, there's a very good chance they'll perform well in big things. " -- Edmund Hillary, explorer
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