Facebook Twiter Goole Plus Linked In YouTube Blogger


The branch of social science that deals with the production and distribution and consumption of goods and services and their management.

Previous SubjectNext Subject

Factors of Economics
Production, Distribution, Trade, Consumption of Goods and Services, Population and Individual Needs, Business Needs, Organization Needs, Government Needs, Education System Needs, Supply and Demand, Efficiency, Waste, Money System.

Economics is a social science concerned with the factors that determine the production, distribution, and consumption of goods and servicesEconomics Word Cloud. Generalizing
Economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location.
Global Economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).
Mixed Economy is defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or free markets and economic interventionism.
Green Economy is defined as an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment.
Informal Economy is the part of an economy that is neither taxed, nor monitored by any form of government.
Market Economy is an economic system where decisions regarding investment, production, and distribution are based on the interplay of supply and demand, which determines the prices of goods and services. Price Gouging
Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole rather than individual markets. This includes national, regional, and global economies. Along with microeconomics, macroeconomics is one of the two most general fields in economics.
Service Economics is an economic activity where an immaterial exchange of value occurs. When a service such as labor is performed the buyer does not take exclusive ownership of that which is purchased, unless agreed upon by buyer and seller. The benefits of such a service, if priced, are held to be self-evident in the buyer's willingness to pay for it. Public services are those, that society (nation state, fiscal union, regional) as a whole pays for, through taxes and other means.
Supply-Side Economics argues economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices; furthermore, the investment and expansion of businesses will increase the demand for employees and therefore create jobs. Typical policy recommendations of supply-side economists are lower marginal tax rates and less government regulation.
Trickle-Down Economics characterize economic policies as favoring the wealthy or privileged.
Neoclassical Economics is a set of solutions to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand. This determination is often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production, in accordance with rational choice theory.
General Equilibrium Theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall (or "general") equilibrium. General equilibrium theory contrasts to the theory of partial equilibrium, which only analyzes single markets.
Austrian School is a school of economic thought that is based on the concept of methodological individualism – that social
phenomena result from the motivations and actions of individuals. theorizes that the subjective choices of individuals including individual knowledge, time, expectation, and other subjective factors, cause all economic phenomena. Austrians seek to understand the economy by examining the social ramifications of individual choice, an approach called methodological individualism. It differs from other schools of economic thought, which have focused on aggregate variables, equilibrium analysis, and societal groups rather than individuals.

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Tax is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures.
Direct Tax is imposed upon an individual person (juristic or natural) or property (i.e. real and personal property, livestock, crops, wages, etc.) as distinct from a tax imposed upon a transaction. In this sense, indirect taxes such as a sales tax or a value added tax (VAT) are imposed only if and when a taxable transaction occurs.
Indirect Tax An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the consumer). The intermediary later files a tax return and forwards the tax proceeds to government with the return.
Recession is a negative economic growth for two consecutive quarters. It is also a business cycle contraction which results in a general slowdown in economic activity.
Depression (economics) is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than an economic recession, which is a slowdown in economic activity over the course of a normal business cycle.
Socioeconomics studies how economic activity affects and is shaped by social processes.
Home Economics is the profession and field of study that deals with the economics and management of the home and community. The field deals with the relationship between individuals, families, and communities, and the environment in which they live. Family and Consumer Science
Public Economics is the study of government policy through the lens of economic efficiency and equity. At its most basic level, public economics provides a framework for thinking about whether or not the government should participate in economics markets and to what extent its role should be. In order to do so, microeconomic theory is utilized to assess whether the private market is likely to provide efficient outcomes in the absence of governmental interference.
Constitutional Economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents." This extends beyond the definition of "the economic analysis of constitutional law" and is distinct from explaining the choices of economic and political agents within those rules, a subject of orthodox economics.
Social Market Economy is a social and economic system combining free market capitalism which supports private enterprise, alongside social policies which establish both fair competition within the market and a welfare state.
Sharing Economy
Shock Therapy Economics refers to the sudden release of price and currency controls, withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large-scale privatization of previously public-owned assets.
Knowledge Economy

Work Force

National Bureau of Economic Research
Organization for Economic Cooperation and Development
Foundation for Economic Change

Consumerism acquisition of goods and services in ever-increasing amounts. Unsustainable
Consumer is a person or organization that uses economic services or commodities.
Consumption is relationship between consumption and income.

Income - Wages - Cost

Economic Research Service
Social Economic Development 

Actuarial Science is the discipline that applies mathematical and statistical methods to assess Risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of thorough professional examinations.

Gross Domestic Product GDP is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

1197 State GDP Gross Output is an economic concept used to measure total economic activity in the production of new goods and services in an accounting period. It is a much broader measure of the economy than gross domestic product (GDP), which is limited mainly to final output (finished goods and services). In 2016, the Bureau of Economic Analysis estimated gross output in the United States to be $32.4 trillion, compared to $18.7 trillion for GDP.

Econometric Model are statistical models used in econometrics. An econometric model specifies the statistical relationship that is believed to hold between the various economic quantities pertaining to a particular economic phenomenon under study. An econometric model can be derived from a deterministic economic model by allowing for uncertainty, or from an economic model which itself is stochastic. However, it is also possible to use econometric models that are not tied to any specific economic theory.
Economist Resources

Income and Wealth
Economic Decomposition
National Income 1927-32 (PDF)

1965 State GDP Economic Rent is any payment to a factor of production in excess of the cost needed to bring that factor into production.
Council for Economic Ed
Economic Research
Economic Policy Research
Economics Network
Social Development Resource

Money - Power - Politics

Economic Statistics

Economic Distress Communities Index Map

Economic Development is a lie and a con game, it has caused too much suffering and destruction. The only development we should have is increasing the quality of living, and the only true way to do that is by increasing the quality of education. You have to develop the person so that the person can develop sustainable ways to use the land, the air, the water, the food, and build shelter in the most effective and efficient ways possible. We can create jobs and we can still grow, but we need to grow intellectually, and we need to grow sustainably and symbiotically, and be fair to everyone at the same time. That's Development.

A Slow Economy, Recession, Inflation and Budget Shortfalls is just another way of saying that Corruption, Greed, Incompetence and Crime has increased. Money is just a Tool, it's not a Reason. Economics is Junk Science and a distraction from reality.

You can't ignore Math because "If you don't count the things that matter, then knowing how to count won't matter."
Economics is like a Serial Killers Guide Book, not to say that all the information and knowledge is useless, it's just misunderstood and misused. We don't need Economics Education we need better Education. Consumer Confidence Index is also a distortion of reality. Consumer Confidence is actually consumer ignorance, which is fueled by our corrupt media outlets. Optimism is not an accurate measurement for reality.  Progress Trap   "The system is more then just Flawed and Criminal, it ignores common sense."

10 Principles of Economics
People face tradeoffs
The cost of something is what you give up to get it
Rational people think at the margin
People respond to incentives
Trade can make everyone better off
Markets are usually a good way to organize economic activity
Governments can sometimes improve market outcomes
A country's standard of living depends on its ability to produce goods and services
Prices rise when the government prints too much money
Society faces a short-run tradeoff between Inflation and unemployment.

We are not in the Great Recession, we are in the Great Digression, a deviation from logic.

Goods - Services - Deflation - Inflation - Printing Money - Short Term Debt Cycle  - Long Term Debt Cycle - Debt
Credit - Credit Worthy - Assets - Liability - Spending - Quantity - Price - Lending - Borrowing - Interest Rates

Better Life Index Initiative: Measuring Well-Being and Progress

"Humans may compete for entertainment purposes, but Human Life is not a Competition."
Achievement Gap

Does Global Affairs or International Relations really help students understand the world around them? Or does this just prepare students to be corporate puppets and political slaves.

It wasn't just Greedy Corporations and Corrupt Politicians that killed the American Worker, and Killed the American Dream, and destroyed our workforce and our Cities, while exploiting poor people from other countries, it was also from the lack of public awareness, who unknowingly became accessories to these crimes against humanity.  But now we know the source, our education, which will undergo more incredible improvements advancements, finally putting our ignorance behind us once and for all. 
(this statement should only be seen as another way of describing some of our most damaging social issues, problems that need to be solved, and having access to a high quality education is where it all starts)
So how would you rewrite this statement....
"Money has corrupted the minds of most every person alive, it has done so for hundreds of years as of 2015. We know this problem is causing a lot a damage, but we can't seem to make the improvements fast enough in education, and in public awareness. In order to increase people's understanding of money, people need knowledge, which gives people more control, and it also protects people from being controlled." 
Question: Are the words 'kill' or 'crimes' necessary? Or are they just lower in relevance? Of course we can not ignore that 100's millions of people have died, or ignore the people who are still dying all because of our own ignorance. We should never forget the sacrifices that people have made, we owe our lives to them, so we should fix our problems and to stop this mass slaughter of mankind. 

Note: Don't let Superlatives effect your understanding of the message, or distract you from the message. Same goes for Profanity and all the other words in our Media.

Fair Trade - Sensible and Sustainable

Lets talk about Jobs

The Thinker Man