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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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of Political Science, Bethune Cookman College), President Reagan's Conservative Fiscal Policy: Unemployment Among African Americans is a scholarly and critical look at the economic policies of America under President Regan (1981-1988), and their failure to adequately address the social issue of rising unemployment among African American youths, with devastating long-term social consequences. Arnold Schwarzenegger as the state convention wrapped up Sunday, with surprisingly strong numbers of party members taking aim at some of the governor's economic policies. His opponent, Donald Tusk, captured 45 percent of the vote, running on a free-market, fiscal reform and liberal economic policies platform. |
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