economy

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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”

Latest blogosphere posts tagged “economy”
 

  • Economy Grew By 2.8 Percent Last Quarter


    Wonk Room — Authority Authority: 134
    According to the latest data from the Commerce Department, the economy expanded by 2.8 percent last quarter, coming in a bit below expectations. Analysts had expected about 3 percent growth .
    5 hours ago

  • Another Obama Green Energy Company Fails … Ener1 Received $118.5 Million Stimulus Grant Files for Bankruptcy


    Scared Monkeys — Authority Authority: 565
    Another One Bites the Dust … Ener1 received a $118.5 million stimulus grant and was supposed to double its production capacity and create 1,700 jobs, instead it is filing for bankruptcy . The company was supposed to made batteries for electric cars. A funny thing happened on the way to the Obama hand picked ...
    5 hours ago

  • 2012 Venture Outlook: Some Bright Spots and Some Gloom


    Xconomy — Authority Authority: 611
    Bruce V. Bigelow It’s that outlook time of year, and Mark Heesen, president of the National Venture Capital Association (NVCA), was in San Diego earlier this week, talking about the 2012 outlook for venture capital. Today he’ll make a similar presentation to the New Jersey Technology Council. Next week,  John ...
    6 hours ago

  • Econ 101: January 27, 2012


    Think Progress — Authority Authority: 831
    Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter . Banks’ sloppy record keeping lets old mortgages rise from the dead to haunt homeowners. [ ...
    6 hours ago

  • Why Manufacturing Can’t Solve The Jobs Problem


    The Curious Capitalist — Authority Authority: 545
    Here in snowy Davos, the topic of job creation has been about as popular as the passed canapés and free champagne.  Not surprisingly, President Obama’s latest jobs proposals — a combination of taxing outsourcing corporations and reviving U.S. manufacturing — haven’t been as popular. It’s not hard to see ...
    6 hours ago

  • Narcissistic (And Incompetent) President Wants Second Term “Badly”


    Stop The ACLU — Authority Authority: 542
    Quite obviously, there has to be a bit of narcissism in any person who wants to run for the presidency. Yet, with Barack Obama, everything seems to be all about himself. Does anyone get the feeling that Obama wants to be president to help anyone, to be a good steward of the United States as President? That he wants ...
    6 hours ago

  • The FOMC Confuses Me


    Wall Street Pit — Authority Authority: 591
    The FOMC has spoken and here is what it said (my bold): To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to ...
    6 hours ago

  • China Watch: Deported Uighurs Get Life, Hating on Han Han, Imperialist Escalators


    WSJ.com: China Journal — Authority Authority: 125
    A list of what The Wall Street Journal’s reporters in China are reading and watching online. (NOTE: WSJ has not verified items in the ‘News’ section and doesn’t vouch for their accuracy.) News : * Deported from Cambodia, two Uighur asylum seekers get life in prison (Reuters) * A Chinese developer buys ...
    6 hours ago

  • Mr. Bernanke Gets His Way


    Wall Street Pit — Authority Authority: 591
    Well, Mr. Bernanke has moved the Federal Reserve to a position of greater transparency. We now have projections of interest rates out until the end of 2014. It is now believed by most members of the Fed’s Open Market that the Federal Funds rate will remain close to zero until the end of 2014. What [...]
    6 hours ago

  • Venture socialism means never having to say I’m sorry


    The Real Revo — Authority Authority: 133
    When private equity firms make investments that consistently fail and result in the loss of investor funds, they go belly up and their managers never work in the business again. When venture socialist firms do the same thing, they just go back and get more money. Just as President Obama toured Solyndra LLC before ...
    6 hours ago

  • Freedom 67?


    Blue Like You — Authority Authority: 455
    Prime Minister Stephen Harper’s speech in Davos yesterday signaled changes that may not be palatable to some Conservative supporters who are approaching 65 and counting on OAS to offset decreases in modest private pension plans that were originally constructed with that age of 65 in mind. The Globe explains ...
    6 hours ago

  • Value for Money


    To Love, Honor and Vacuum — Authority Authority: 107
    Every Friday my syndicated column appears in a bunch of newspapers in southeastern Ontario. Here’s this week’s. Last week my husband and I rented the surprisingly enjoyable film Moneyball, loosely based on the 2002 baseball season for the Oakland A’s. The team faced a huge challenge: as a small budget ...
    6 hours ago

  • Bit’s and Pieces… Understatement on Mitt Romney’s income, Newt Gingrich, teachers and social media, self-employment and more…


    The Cedar Lounge Revolution — Authority Authority: 120
    Let’s start with some appropriate understatement. On KCRW’s To The Point, in interview Brody Mullins of the WSJ answered the following question: Tell us a little bit more about his income over two years… where does it come from? Really just from investments.. he gives a couple of speeches a year and from ...
    6 hours ago

  • Why David Cameron should attend the Rio+20 Earth summit


    top99news - breaking news from the world top newspapers — Authority Authority: 162
    http://www.guardian.co.uk Why David Cameron should attend the Rio+20 Earth summit Attending the world’s biggest environmental conference for 20 years is not technically important, but the political symbolism isIf you were to ask most people whether they would like an all-expenses-paid trip to Rio de ...
    6 hours ago

  • Mukherjee to visit Chicago to sell India growth story


    Thaindian News — Authority Authority: 535
    New Delhi, Jan 27 (IANS) Finance Minister Pranab Mukherjee will try to sell the India growth story among top US business leaders and policy makers during his two-day official visit to Chicago beginning Saturday.On the first day of his visit, Mukherjee is scheduled to address the Chicago Council on Global Affairs, in ...
    6 hours ago

  • Yogurt Or Soured Milk Continues To Be With Humans Considering That The Beginning Of Agricultural


    Business and Economy — Authority Authority: 125
    Yogurt or soured milk continues to be with humans considering that the beginning of agricultural growth. For thousand of a long time people have domesticated cattle and sheep for his or her meat and hides. Souring milk was a all-natural means of prolonging the lifetime from the milk they obtained day by day. Sour milk ...
    6 hours ago

  • Why David Cameron should attend the Rio+20 Earth summit


    The Guardian - guardian.co.uk — Authority Authority: 961
    Attending the worlds biggest environmental conference for 20 years is not technically important, but the political symbolism is If you were to ask most people whether they would like an all-expenses-paid trip to Rio de Janeiro, expressly designed to demonstrate that they were a nice guy or gal who cared about the ...
    6 hours ago

  • Pentagon Cuts? Read the Fine Print, then Think Again


    Irregular Times: News Unfit for Print — Authority Authority: 518
    Watch Defense Secretary Leon Panetta as he trots out over and over again this week to explain before well-placed cameras that, despite “cuts” to the Pentagon budget, somehow the U.S. military will manage to muddle through, sigh, it’s OK, sigh again, cue rumbly jowls of sadness, cue raised eyebrows of dejected ...
    6 hours ago

  • Tales from Wisconsin’s public shcools


    The Real Revo — Authority Authority: 133
    On this video, a Wisconsin public school teacher refuses a humanitarian award from Congressman Paul Ryan. He claims that, “Paul Ryan has no business at a MLK event.” What is his justification? He believes that our humanity demands that health care be administered by a massive bureaucratic machine in a far away ...
    6 hours ago

  • The Numbers Show


    Truthdig: Drilling Beneath the Headlines — Authority Authority: 706
    This week on Truthdig Radio in association with KPFK : David Cay Johnston reveals the hidden scandal lurking in Romney’s tax returns, Robert Scheer and Kathy Kiely shine sunlight on super PACs and Doug Henwood deflates China’s real estate bubble. Related Entries January 27, 2012 The Numbers Show January ...
    7 hours ago

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