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economics

(Encyclopedia) economics, study of how human beings allocate scarce resources to produce various commodities and how those commodities are distributed for consumption among the people in society (see…

Economic Domino Theory

How Does Capital Flight Affect Me? Anyone who has invested in the stock market - and that's a whopping 43% of American households - can tell you that the American economy is not an island unto…

Economic Domino Theory

Dangers of Deflation Defined As we have already seen, the American economy is increasingly global and effects of a downturn in one area of the world can immediately affect the value of…

Economic Domino Theory

But the IMF Will Bail Us Out, Right? The expectation of a bailout by the International Monetary Fund has led investors to become increasingly blasé about the levels of risk they are taking in…

Economic Domino Theory

Bottom Line The IMF is under attack and in danger of losing its funding. Conservatives complain that its policies interfere with free markets; liberals cite the cut in social programs that IMF…

Overview of Economics: Introduction

IntroductionOverview of EconomicsIntroductionWhat Is Economics and Who Cares?Will That Be Large or Small?A Firm BaseGetting Organized: Command, Market, and Mixed EconomiesThree Economists and Their…

home economics

(Encyclopedia) home economics, study of homemaking and the relation of the home to the community. Formerly limited to problems of food (nutrition and cookery), clothing, sewing, textiles, household…

Overview of Economics: A Firm Base

A Firm BaseOverview of EconomicsIntroductionWhat Is Economics and Who Cares?Will That Be Large or Small?A Firm BaseGetting Organized: Command, Market, and Mixed EconomiesThree Economists and Their…