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.
Original Technorati articles tagged “economy”
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in BusinessUnemployment Increases to 10.2%, Payrolls Falling

Unemployment hits a high mark; consumers reactby sageone73 / on Nov 6, 2009 -
in BusinessWorker Productivity Increases; Unemployment Claims Shrink

Government reports indicate an increase in worker productivity and a reduction in unemployment claims below forecasted.by bryanmckay / on Nov 5, 2009 -
in BloggingObama Advisers May Urge Second Stimulus

Obama advisers may consider another "targeted and specific" stimulus package, despite recent assurances that a second stimulus was unnecessary.by bryanmckay / on Nov 2, 2009
Latest blogosphere posts tagged “economy”
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$5 Billion Freddie Mac Loss
David Drake —
Authority: 426
Freddie Mac Daddy posted a $5 Billion dollar loss . al Reuters : Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. ...3 hours ago -
UAE consumer confidence up in 2009, says Neilson
Dubai Business | Kippreport —
Authority: 535
According to Nielsen’s Global Consumer Confidence Index for the third quarter of 2009, the world’s top five most confident nations are India (120), Indonesia (115), Norway (110), Vietnam (109) and Brazil (108). “The world is emerging from the economic crisis and, with it, global consumer confidence is ...3 hours ago -
Affordable Private Insurance is Currently Available
Free Daily Swing and Day Trading Stock Picks - Stock Charts - Education —
Authority: 159
Click to enlarge. According to a recent study by Americas Health Insurance Plans...3 hours ago -
Chinas outlook upgraded to positive: Moodys
Shanghai Daily: Latest News —
Authority: 686
MOODYS Investors Service has raised Chinas ratings outlook to positive from stable due to the countrys strong economic performance, the ratings firm said today. The rating action affects the governments...3 hours ago -
Rising Foreclosures: A History of Violence
Wall St. Cheat Sheet —
Authority: 618
The latest incident in the home mortgage crisis sounds like the return of vigilante justice à la Hollywood. Recently, a California couple tied up and tortured a pair of loan modification agents they had hired to help save their home from foreclosure. The couple, whose home is in foreclosure, kidnapped and beat the ...3 hours ago -
G-20 SPLITS ON TOBIN TAX, SIGNALS BANKS SHOULD COVER BAILOUTS
THE WEEKLY GLOBAL INVESTOR —
Authority: 143
G-20 Splits on Tobin Tax, Signals Banks Should Cover Bailouts - Bloomberg.com : "G-20 Splits on Tobin Tax, Signals Banks Should Cover Bailouts"3 hours ago -
US ECONOMY THIS WEEK...GULP! (Agenda Nov. 09 -- Nov. 13, 2009)
THE WEEKLY GLOBAL INVESTOR —
Authority: 143
Trade Gap Probably Widened, Imports Grew: U.S. Economy Preview - Bloomberg.com : "Trade Gap Probably Widened, Imports Grew: U.S. Economy Preview"3 hours ago -
Typical problems faced when trying to earn money online
Openfaves - Discover latest news, top videos and photos from anywhere on the web —
Authority: 179
When starting on online business, it is essential for you to know about the pitfalls of making money online.4 hours ago -
Massachusetts Defense Attorney
Openfaves - Discover latest news, top videos and photos from anywhere on the web —
Authority: 179
Attorney Judith A Wayne has been representing the clients for over thirty two years in the field of family law and criminal defense.4 hours ago -
Vacation Homes and Investment Properties
Openfaves - Discover latest news, top videos and photos from anywhere on the web —
Authority: 179
The latest trend in vacation homes or second homes is the condo hotel. Investment homes accounted for a quarter of all home purchases in 2004, and va4 hours ago -
Industrial Worker (IWW Newspaper) interviews Noam Chomsky
Dandelion Salad —
Authority: 541
Dandelion SaladChomskyanNovember 08, 2009The editor of the Industrial Worker, Diane Krauthamer, spoke to Noam Chomsky at his MIT office in Cambridge, MA, on October 9th, 2009.The Industrial Worker is the official newspaper of the IWW (the Industrial Workers of the World), a radical union.For more info, please ...4 hours ago -
One Benefit To The Economic Mess: Less Pressure
Personal Finance Advice —
Authority: 124
While I’ve never been one to keep up with the Jones’, I’ve noticed a palpable sense of relief amongst many friends, acquaintances, and message board posters that the pressure to keep up, show off, and compete is off. At least for the moment. In the heyday of the 1990’s and early 2000’s, everything was about ...4 hours ago -
One Benefit To The Economic Mess: Less Pressure
SavingAdvice.com Blog —
Authority: 512
While I’ve never been one to keep up with the Jones’, I’ve noticed a palpable sense of relief amongst many friends, acquaintances, and message board posters that the pressure to keep up, show off, and compete is off. At least for the moment. In the heyday of the 1990’s and early 2000’s, everything was about ...4 hours ago -
Banks May Lose $168B By Selling Toxic Loans – Bloomberg
nikkypals.com —
Authority: 148
Banks could lose 8 billion by selling toxic loans to government’s PPIP (Bloomberg News)5 hours ago -
Looking for iPhone Users in Beijing
China Digital Times (CDT) —
Authority: 565
The Wall Street Journal goes hunting: The Wall Street Journal’s Loretta Chao went on a hunt for iPhone users around Beijing after China Unicom said it had as few as 5,000 users of the Apple phone that just officially launched in China. © Sophie Beach for China Digital Times (CDT) , 2009. | Permalink | No ...5 hours ago -
Using the Child Trust Fund Voucher and the Helping Hand it Gives to 18 Year Olds
Gambling Cut —
Authority: 128
One of the obligations of being a parent is to attempt to procure a financially sound future for a child. It is an objective that many mums and dads strive to aim for and that is a praiseworthy thing to do. Unfortunately a number of these parents do not understand the saving opportunities that are available to them in ...5 hours ago -
Are We In A Balloon Boy Economy?
T1 Rex's Business Telecom Explainer —
Authority: 123
Just a few weeks ago, millions of people watched in horror as a saucer shaped silver balloon soared for 50 miles across the Colorado landscape. What made this a nail-biting spectacle was the belief that there was a six year old boy in the gondola of that homemade balloon. At one point it was reported that he may have ...5 hours ago -
Cable Is For Suckers
Fools and Sages —
Authority: 416
How much does a basic cable/satellite package go for these days? According to a report from April (which came up on the first page of a Google search for “average cable rates 2009″ and was about as far as I wanted to go with search time), the average bill was just over $70 by the end of 2008. That represented ...5 hours ago -
Its new business, not business, which is important
The Adam Smith Institute Blog —
Authority: 635
We see various politicians running around and firehosing our money at extant businesses as a way of stopping the recession and there are those who praise such actions. They are those, of course, who have not really quite grapsed what a recession is. It isnt a time when 100% of the people lose 10% of their income: its ...5 hours ago -
Pro-business or pro-market?
The Adam Smith Institute Blog —
Authority: 635
In the journal of the American Enterprise Institute, James DeLong reviews the National Affairs article " Capitalism After the Crisis " by Prof Luigi Zingales of the University of Chicago. Zingales makes the important disctinction between being pro-market and pro-business. DeLong echoes Zingales, noting that: ...5 hours ago