Economy

The economy is the way we produce goods and services and how these goods and services are distributed and used by consumers. In a broad sense, an economy doesn’t have to be a specific size as long as it involves the production and consumption of goods and services.

In a broad sense, everyone contributes to the economy, whether they produce goods or services or consume them. Historically, goods and services were bartered (traded), but in today’s world they are normally purchased with financial instruments. Because of this, the people who control the financial instruments control the economy.

Governments also rely on taxes to raise funds to provide social goods and services, which are levied based on economic activity.

Mismanagement of economic resources can lead to a recession or depression, while good management of economic resources leads to prosperity.

Since World War II, we have seen the “world economy” come into vogue. Organizations such as the World Economic Forum, World Bank, and World Trade Organization now tie different economies together. This has led to a greater awareness of global ecology and how we can sustain the world. It has also made all the economies become more interdependent on each other.

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Original Technorati articles tagged “Economy”

• in Business
  Going Up! UK Inflation is Rising
  The UK's Retail Prices Index jumps by over half a percent as prices begin to rise.
  by orangeduvet / on Nov 17, 2009
• in Business
  Half of UK Employers Will Freeze Pay
  A CBI survey signals more "almost good news" for the British economy.
  by orangeduvet / on Nov 16, 2009
• in Business
  UK Chancellor Announces Pre-Budget Report Date
  The 2008 pre-budget report packed a few surprises. Will the 2009 edition be just as exciting?
  by orangeduvet / on Nov 12, 2009

Latest blogosphere posts tagged “Economy”

• Any of these five events could trigger depression:

  
  InvestmentWatch — Authority: 451
  Never say never: Depression is possible. It only takes one black swan event, such as 1) Another domestic terror attack. see article: Terrorists Inside U.S. Increase Attacks, Panel Hears 2) Mutated H1N1 becomes virulent pandemic, killing tens of thousands; economy grinds to halt. see article: H1N1 Swine Flu ...
  2 hours ago

• BushdiditBushdiditBushdidit

  
  Publius Forum — Authority: 530
  On Friday, Secretary of the Treasury Tim Geithner blamed the Bush Administration for the country’s woes…. again. Oh, you can’t blame Tim “I Don’t Pay taxes” Geithner for this reflexive fall-back position of blaming all his failures on Bush. After all, this narrative comes from the top. It’s an Obama ...
  2 hours ago

• Senate Majority Leader Harry Read Claims Dems Have 60 Votes … Arkansas Sen. Blanche Lincoln Says Yes

  
  Scared Monkeys — Authority: 603
  According to breaking reports, Senate Majority leader Harry Reid claims that he has the 60 votes to move ahead on historic and terrible health care legislation that will destroy private health care in America. The scorched earth health care policy moves forward as Dems have 60 votes … government take ...
  2 hours ago

• Ryan Eats

  
  Doobybrain.com — Authority: 616
  My friend and co-worker Ryan runs a personal food blog over at FoodiEconomy . Here he is eating a calzone. Yum.
  2 hours ago

• Market Topping?

  
  Professor Elam — Authority: 140
  This will take a bit of study but that is what college is all about, eh? The red and black line tracks the number of stocks trading above their 50 day moving average. The three blue arrows show a pattern of lower highs. This mean fewer and fewer stocks are trading up, more are trading down. The purple line is the ...
  2 hours ago

• How Much Should I Pay: 2005 BMW 545i

  
  AutoBrag Blog — Authority: 153
  Question: How much shoudl I pay: 2005/2006 BMW 545i 50k miles. manual with smg. private party or dealer sport package Queen of the Road: Hi there. Welcome to AutoBragBlog! I did not see any 2006 545is. For a 2005 BMW 545i Sedan 6sp with 50,000 miles, wholesale prices range from $23,300 (being in ...
  3 hours ago

• Imagine Our Politicians In Professional Sporting Events

  
  Tai-Chi Policy — Authority: 443
  They wouldn’t do very well, would they? It should be similarly laughable to imagine them running our businesses and industries well … Posted in Capitalism and Economics Tagged: Democrats, Republicans, Society, The Economy
  3 hours ago

• Back from the brink -- and barely scraping by

  
  Oregon Living — Authority: 808
  A Hillsboro mother of three who previously wrote about how degrading it can be to ask for help during the holidays is weathering the recession...barely.
  3 hours ago

• Une centrale nucléaire au Maroc

  
  SkyscraperCity — Authority: 177
  Le Maroc se dotera d’une centrale nucléaire de 100 mégawatts en 2020 a indiqué Amina Benkhadra, ministre de l’Énergie, mercredi à Rabat. Cette nouvelle centrale sera réalisée dans le cadre de la stratégie énergétique pour la période 2020-2030. Début novembre, le Maroc, qui mise sur l’énergie ...
  3 hours ago

• Who is John Galt?

  
  LyfLines — Authority: 139
  At the American Thinker, a good piece from C. Edmund Wright - Entrepreneurs Go on Strike : Can Barney Frank Dunk on Lebron? No, he cannot. Nor can anyone else in Washington. Nor can they catch passes from Ben Rothlisberger in the Super Bowl or strike out Derek Jeter in the World Series. They are not equipped to do ...
  3 hours ago

• Lutilisation du gaz naturel sinscrit dans la stratégie nationale visant la diversification énergétique (Mme Benkhadra)

  
  SkyscraperCity — Authority: 177
  Rabat, 18/11/09- Lutilisation du gaz naturel au Maroc, au même titre que le pétrole, le charbon ou les énergies renouvelables, sinscrit dans la stratégie nationale visant la diversification des ressources énergétiques, a indiqué, mardi à Rabat, la ministre de lEnergie, des mines, de leau et de lenvironnement, ...
  3 hours ago

• Families and business and no one ever discusses the other side of the coin.

  
  InvestmentWatch — Authority: 451
  Global warming is based 100% on junk science. The most vocal promoters are not interested in the details of physical science. They are interested in two things: political control over the general public and the establishment of international socialism. Junk Science vs. Real Science For a detailed, footnoted, ...
  3 hours ago

• Mezouar: linvestissement public consacré aux régions va augmenter de 31,62 pc en 2010

  
  SkyscraperCity — Authority: 177
  Rabat, 19/11/09 - Le ministre de lEconomie et des Finances, M. Salaheddine Mezouar a indiqué jeudi que les crédits alloués à linvestissement public dans les régions pour le prochain exercice financier sélèveront à environ 121,5 milliards de dirhams, soit une hausse de 31,62 pc par rapport à 2009. M. ...
  3 hours ago

• What makes a nation rich?

  
  InvestmentWatch — Authority: 451
  The answer from MIT economist Daron Acemoglu. “Say you’re a world leader and you want your country’s economy to prosper. According to this Clark Medal winner from MIT, there’s a simple solution: start with free elections.” Read more: ...
  3 hours ago

• And Day After Day, the Debt Builds Up

  
  Wall Street Pit — Authority: 641
  Okay! We’ll say what we’ve been thinking……that our children are going to spit on our graves!First, Americans made a colossal mistake in the ’90s and the ’00s. They partied…they spent…they borrowed…running up huge debts in the private sector. Most kids could forget about inheriting anything from...
  3 hours ago

• UC Students Protest a 32% Increase In Fees

  
  Right on the Left Coast: Views From a Conservative Teacher — Authority: 438
  TANSTAAFL. There aint no such thing as a free lunch. So when youre doing something on the government dime--something like working, or going to school--you must expect that money will be tight for you when money is tight for the government. Here in California that means furloughs for state workers, cuts in services, ...
  4 hours ago

• Obama’s Racist Recession

  
  Bloodthirsty Liberal — Authority: 151
  While dicking around with cap-and-this and universal that, President Obama has forgotten the little people—the very little, gaunt, stunted people—who got him where he is today:Latinos and African-Americans in Massachusetts and across the country are facing high unemployment rates that could spiral to levels not ...
  4 hours ago

• Sorry, you’ll have to stand in line for 3 hours before you can read this blog, and we might take down the post before then

  
  Norwegianity — Authority: 565
  Politics: Bob Herbert with the sad story of Detroit Not sure where  Ray D. Madoff is coming from, but farmers do NOT need protection from estate taxes (that’s  a lie , a Republican lie — it’s never been true and never will be true no matter how many times they lie about it) Tripp Palin’s paternal ...
  4 hours ago

• Remedial Economics and Government …

  
  Rich Hand for Governor — Authority: 125
  The government is funded by taking money from productive taxpayers. The more money productive people make the more money the government has to operate. If the people that create tax law knew anything about economics they would use the same model business people use to create revenue for their businesses. Instead we ...
  4 hours ago

• Bosse for NH 00

  
  The Lonely Conservative — Authority: 593
  Last week Grant Bosse announced his candidacy for New Hampshire’s phantom “00″ district. He’s fighting to keep the 2800 jobs they were given by the stimulus, only to be taken away. He told Brian Sullivan “just because we don’t exist doesn’t mean we shouldn’t count.”
  4 hours ago

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