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Economics |
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Economics The study of the economy. See also: Macroeconomics; microeconomics; Keynesian economics, monetarism, and supply-side economics. Economics The study of how people produce, trade, and use goods and services. Economists look at how different actors, such as individuals, companies, and governments, interact with one another to maximize the fulfillment of their needs through the use of scarce resources. Economics also includes the study of supply, demand, and the relationship between the two. There are a number of schools of thought within economics. Some major schools are classical economics, which considers the sources of production as well as the role of the Invisible Hand of the market, and Marxism, which considers the exploitation of labor by holders of capital. Other, modern schools of thought include Keynesianism, which emphasizes the role of demand as opposed to supply, and monetarism, which promotes the use of the free market and the considers the role of money supply in economic growth. See also: Macroeconomics, Microeconomics. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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To ensure that this need is met, a Conservative secretary of state would be required to be satisfied that the areas covered by the new enterprise partnerships reflect natural economic patterns and have strong business leadership before he transfers to them the money currently spent on enterprise by the as a new form of popular socialism was taking hold (in Venezuela, Bolivia, and elsewhere) without wholly disturbing the economic patterns that long governed these countries. Written for general audiences (and Boomers in particular), this volume first examines the repeating economic patterns that have caused such crises as the Great Depression and then provides a strategy for implementing the "New New Deal. |
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