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”

 

• President Obama’s Weekly Video Address

  
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  This week President Barack Obama discussed building a rising, thriving middle class:
  1 day ago

• 5/20/13…so much for options!

  
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  Bloomberg Quote of the Day: “Character is power.” – Booker T. Washington…ah but it is so trumped by money! TB This week’s economic calendar is fairly light. We will get April Existing Home Sales (Wednesday), April New Home Sales (Thursday) and April Durable Goods Order (Friday). Courtesy of Economic ...
  1 day ago

• U.S. Bonds Cheapest Since 1990

  
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  U.S. Bonds Cheapest Since ’90 Versus Bunds Counter Buffett By Cordell Eddings The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades. After inflation, ...
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• Senator Introduces Bill To Allow Holders Of Student Debt To Refinance

  
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  On Sunday, Sen. Kirsten Gillibrand (D-NY) announced a new bill that would let holders of student debt refinance their loans for cheaper interest rates , as Shahien Nasiripour reports at the Huffington Post: The plan sponsored by Sen. Kirsten Gillibrand (D-N.Y.) would force the U.S. Secretary of Education to ...
  1 day ago

• President Obama’s Weekly Video Address

  
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  This week President Barack Obama discussed building a rising, thriving middle class:
  1 day ago

• Video: post-growther Donald Maclurcan interviewed by Layne Hartsell

  
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  An Interview on Donald Maclurcan’s work and research on education, nanotechnology, and post-growth economics. Donald Maclurcan (Australia) is a Fellow of the Royal Society of the Arts, an Honorary Research Fellow with the University of Technology Sydney Institute for Nanoscale Technology, and a Distinguished Fellow ...
  1 day ago

• Afghan suicide attack kills at least 14

  
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  A suicide bomber struck outside government buildings in northern Afghanistan on Monday, killing at least 14 people including a senior local politician, officials said. Emergency services rushed to the scene and took the wounded to hospital after the bomber, who was wearing a police uniform, blew himself up in the ...
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• Economics for the Week: Starts Light then Gets Rolling

  
  The Disciplined Investor — Authority: 146
  In the early part of the week there are few reports that will be important to watch. However, on Wednesday, the Fed will release the minutes from their last meeting and there will surely be a divide that is growing on the amount of stimulus they are serving up. Durable good will be interesting as [...]
  1 day ago

• The Lesson from Japan

  
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  Japan’s stock market is on a roll, largely because expectations have dramatically changed this year about the underlying state of macro for the planet’s third-largest economy. The iShares MSCI Japan Index ETF (EWJ) is up a potent 24% year-to-date. That’s a substantial premium over the 18% gain for US stocks SPDR ...
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• World stocks rise on signs of steady US recovery

  
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  BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. A gauge of future economic activity issued Friday rose more than expected, a sign that the world’s biggest economy is improving. Consumer confidence also rose, offsetting several lackluster reports on ...
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• UK astro Peake given station date

  
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  UK astronaut Tim Peake is to fly to the International Space Station, launching on a Soyuz rocket in November or December 2015. See the rest here: UK astro Peake given station date
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• India-China Agreements: No. 1, Buffalo Meat

  
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  China and India signed a total of eight agreements and memorandums of understanding during the first full day of Chinese Premier Li Keqiang’s visit to India. Here’s what they might mean for India.
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• Long Island gas prices amid nationwide spike

  
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  Gas prices on Long Island declined 0.2 cents per gallon in the last week to remain at an average of $3.72 per gallon.
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• Mosaic Find 800 Investors Per Million For Crowdfunded Solar Projects

  
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  Mosaic have been a big success around here since we first heard about them , unsurprisingly given their innovative method of crowd-funding renewable energy solutions. It turns out that we’re not the only ones excited, though, as Mosaic have just announced that 823 people have invested in their largest solar project ...
  1 day ago

• Japan’s QE is Exporting Deflation

  
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  Japan’s effort at super QE is likely to export its deflation to trading partners. John Mauldin has a long a analysis of this in his current newsletter. Our occasional guestblogger Yves comes to a similar conclusion. He wraps it into several conclusions: Stocks: his bullish indicator has turned Yellow – time to ...
  1 day ago

• Pew survey questions Gen X, baby boomer savings

  
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  The study found that members of Generation X, who are now between 38 and 47 years old, lost almost half their wealth between 2007 and 2010.
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• Thai Economy Contracts in Q1

  
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  In the first drop in more than a year, the economy shrank 2.2% due to manufacturing decrease. In the first drop in more than a year, the economy shrank 2.2% due to manufacturing decrease. read more
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• Malawi inflation down by 0.6%:JB expects to average 7.4 % in 2014

  
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  The National Statistical Office (NSO) says the year on year headline inflation for the month of April 2013 eased to 35.8 percent, representing a minimal 0.6 percentage points down on the month of March. The NSO said urban and rural rates stand at 42 percent and 31.2 percent respectively. “Core inflation which ...
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• Latin Americas Second Biggest Economy Posts Slim Growth in Q1

  
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  Mexico’s economy grew only 0.8% due to lower demand both domestic and foreign. Mexico’s economy grew only 0.8% due to lower demand both domestic and foreign. read more
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• Why we don’t believe Osborne’s latest excuse against the Robinhood Tax

  
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  by Simon Chouffot It’s fair to say George Osborne has never been the Financial Transaction Tax’s biggest fan. As 11 European countries agreed a 0.01%-0.1% tax on shares, bonds and derivatives that will raise an estimated £30bn each year, he made clear that Britain was folding its arms, stamping its foot and ...
  1 day ago

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