Samuels

Samuels refers to the classical model of resource management and economics, often associated with the work of economist William J. Samuels. It emphasizes the importance of efficient use and allocation of resources to achieve optimal productivity and growth. The model considers factors like technology, labor, and capital, advocating for strategic planning to balance supply and demand. In essence, Samuels' framework helps understand how societies can best utilize their limited resources to improve living standards and support sustainable development. It is widely used in economic analysis and policymaking to promote efficient resource distribution.