3.1.1. A characteristic feature of the Austrian approach to economic theory is its emphasis on the market as a process, rather than as a configuration of prices, qualities, and quantities that are consistent with each other in that they produce a market equilibrium situation.
Definition of SAP: A German software company whose products allow businesses to track customer and business interactions. SAP is especially well-known for its Enterprise Resource Planning (ERP) and data management ...
The vital center means people who either think things are fine the way they are or take the position that at least what we have now is more or less working and we ought to be cautious before we tinker with it.