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 Technology
  Temp Offices Expanding Due To Virtual Economy
  The temp office industry has seen increases in usage each year as the U.S. economy.
  by mdumon / on May 7, 2013
• in Lifestyle
  The Future of Moving and the Sharing Economy
  The Sharing Economy is a move toward "disownership." Americans are looking at their material possessions, particularly in the last few years.
  by r3bb / on May 2, 2013
• in Business
  What the Credit Card Market has in Store for Your Wallet in 2013
  Credit card trends reveal an improving economy, significant savings opportunities for consumers with above-average credit standing.
  by cardhub / on Jan 11, 2013

Latest blogosphere posts tagged “economy”

 

• The global macro policy experiment

  
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  Mike Callaghan is Director of the Lowy Institutes G20 Studies Centre . The world is going through a macroeconomic policy experiment, with many countries having very high levels of public debt, short-term interest rates close to zero, and central banks with balance sheets bloated with public debt and other ...
  2 days ago

• It’s Global Corporations vs. Governments & Citizens

  
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  Just how hard a screwing are you willing to take, or don’t you know what’s happening, Mister Jones? (10 points to the first person to get the reference) As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom — eliciting subsidies and tax breaks ...
  2 days ago

• Cowboys on the Rhine – US Firms Flout German Labor Practices

  
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  Its Fund Drive Time for The Political Carnival. Our Support TPC page is at http://thepoliticalcarnival.net/supporttpc/ . We could really use the help. Thanks! The two countries I personally know best are the US and Germany.  I was born here, grew up here, went to school here but I also studied in Germany and ...
  2 days ago

• Real Madrid says coach Jose Mourinho will leave at end of season

  
  heave-ho.org — Authority: 159
  MADRID (AP) — Real Madrid says coach Jose Mourinho will leave at end of season. Visit link: Real Madrid says coach Jose Mourinho will leave at end of season
  2 days ago

• Udall-Paul Legislation Spreads Freedom for Credit Unions and Entrepreneurs

  
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  By definition, if a bill is sponsored by Sens. Mark Udall, D-Colo., and Rand Paul, R-Ky., or any similarly odd ideological couples in the House, it more than meets the definition of bipartisan. For that, it should get a big kumbaya from the Beltway cognoscenti. Yet the Udall-Paul bill,  S. 968 , should be cheered ...
  2 days ago

• White House to brief Democrats on economy on Tuesday

  
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  WASHINGTON (Reuters) – A group of Democratic lawmakers has been invited to the White House on Tuesday for a briefing about economic issues from two top advisers to President Barack Obama on Tuesday. White House Chief of Staff Denis McDonough and Alan Krueger, chairman of the Council of Economic Advisers, will talk ...
  2 days ago

• White House to brief Democrats on economy on Tuesday

  
  — Authority:
  WASHINGTON (Reuters) – A group of Democratic lawmakers has been invited to the White House on Tuesday for a briefing about economic issues from two top advisers to President Barack Obama on Tuesday. White House Chief of Staff Denis McDonough and Alan Krueger, chairman of the Council of Economic Advisers, will talk ...
  2 days ago

• White House to brief Democrats on economy on Tuesday

  
  — Authority:
  WASHINGTON (Reuters) – A group of Democratic lawmakers has been invited to the White House on Tuesday for a briefing about economic issues from two top advisers to President Barack Obama on Tuesday. White House Chief of Staff Denis McDonough and Alan Krueger, chairman of the Council of Economic Advisers, will talk ...
  2 days ago

• Brazil 2014 Fifa World Cup to be Protected by US Robots and Israeli Drones

  
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  Brazil is gearing up to host “one of the most protected sporting events in history” which will be fortified with sophisticated US robots and Israeli drones along with German-made tanks. Brazil has ordered 30 PackBot 510 robots which are used in the US military as part of the latest security measures for the Fifa ...
  3 days ago

• Heat-related deaths in Manhattan projected to rise – except reality shows them going down in the USA

  
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  Only one problem, an NIH study shows that thanks to air conditioning and other factors, including better education programs about heat waves, heat related deaths are actually going down in the USA. From Davis et al, Changing Heat-Related Mortality in … Continue reading →
  3 days ago

• Foreclosure Fraud Failures Come To A Head In Justice Department Protest

  
  — Authority:
  Credit: Greg Basta Frustration with the failed execution of various weakly-constructed legal settlements stemming from widespread foreclosure fraud bubbled over today into a protest at Justice Department headquarters that culminated in homeowners being arrested. Using tactics and rhetoric familiar from 2011’s ...
  3 days ago

• Amid Distrust, China Extends ‘Handshake’ to India

  
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  On his first foreign trip as Chinese Premier,  Li Keqiang was in New Delhi today, where he met with Indian Prime Minister Manmohan Singh . Xinhua ran a sanguine report on Li’s talking points and the “great importance” that China’s new leadership has attached to furthering bilateral ties with India : In ...
  3 days ago

• Opinion: The Governments proposed housing accord legislation gives it too much centralised power and could have far-reaching consequences

  
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  Tweet Image sourced from Shutterstock.com " class="imagecache imagecache-teaser_180x110 imagecache-default imagecache-teaser_180x110_default" width="180" height="110" /> By David Hargreaves In ...
  3 days ago

• Fiji turns to Russia, China amid strained regional ties

  
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  AFP May 19, 2013, 3:17 pm SUVA (AFP) - Fijis military ruler said on Sunday he would meet Beijings leaders in China this month, a week after unveiling an official trip to Russia, as he looks beyond strained regional ties in the South Pacific. Voreqe Bainimarama has been banned from Australia and New Zealand since ...
  3 days ago

• Minister says gas cost arise unlinked to elections

  
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  PanARMENIAN.Net – Armenia is offering a lowest gas prices in a region, Minister of Energy and Natural Resources said. Armen Movsisyan voiced feud with a outlook joining a travel in gas prices to government’s policy. “Gas cost arise is unlinked to a elections. This is not a final price, Armenia will face ...
  3 days ago

• Richie’s Sense Of Entitlement Beyond Expected

  
  Page One — Authority: 487
  An Owsley County man died Saturday and a second man was shot after the two allegedly got into an argument involving an all-terrain vehicle. [ H-L ] Your hospital may be hazardous to your health. An interactive investigation into patient harm. [ ProPublica ] With U.S. Sen. Rand Paul edging ever closer to a ...
  3 days ago

• A meaty problem with a potentially stinky outcome

  
  — Authority:
  Kia Ora One might have heard of the build up of New Zealand meat products waiting to gain access to China. Apparently we are talking about one ton for every man, woman and child in Ashburton (15,000... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
  3 days ago

• Tembo raps Malawi Pres. Banda on economy, agriculture

  
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  Leader of Opposition and president of the opposition Malawi Congress Party (MCP) John has trashed President Joyce Banda’s speech, accusing her of giving out contradictory information and also lying to the nation by saying that the country’s economy is on the right path. Responding to the state of the nation ...
  3 days ago

• Ceiling suspended: US takes on $300bn in new debt after hitting $16.7 trillion

  
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  America’s ticking debt bomb has been reset. Washington has suspended the debt ceiling, setting a date, and not a concrete dollar sum as a deadline, an unprecedented first in US history. Citing ‘extraordinary measures’, the US Treasury has further delayed tackling America’s debt, and will wait until Labor Day, ...
  3 days ago

• Moodys: US Faces Downgrade Without Budget Deal

  
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  U.S. policymakers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are “credit positive,” according to Moody’s Investors Service. The U.S. budget deficit will drop to $378 billion in 2015 from a record $1.4 trillion in 2009, according ...
  3 days ago

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