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What is the Guns versus Butter Model?

Introduction In macroeconomics, the guns versus butter model is an example of a simple production-possibility frontier. It demonstrates the relationship between a nation’s investment in defence and civilian goods. The “guns or butter” model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy… Read More

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A Brief Overview of the Arms Industry

Introduction The arms industry, also known as the defence industry, the military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities. Customers are the armed forces of… Read More

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What is a Military Government?

Introduction A military government is generally any form of government that is administered by military forces, whether or not this government is legal under the laws of the jurisdiction at issue, and whether this government is formed by natives or by an occupying power. It is usually carried out by military workers. Types of military… Read More

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What is a Militia?

Introduction A militia is generally an army or some other fighting organisation of non-professional soldiers, citizens of a country, or subjects of a state, who may perform military service during a time of need, as opposed to a professional force of regular, full-time military personnel; or, historically, to members of a warrior-nobility class (e.g. knights… Read More