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”

 

• Interest rates on credit cards hit highest point in 13 years

  
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  Interest rates on credit cards have hit a 13-year high. Image: MoneyBlogNewz/Flickr.com/CC-BY The interest rates charged on credit cards have recently reached a 13-year high. Since legislation has changed the rules about how interest can be charged, card companies are raising the base rates to make up lost ground. ...
  1 week ago

• Ecosystem Value 3D

  
  Random graphic of the day: UNEP/GRID-Arendal Maps and Graphics Library — Authority: 140
  No data [IMG: http://maps.grida.no/library/files/ecosystem-value-3d_thumbnail.jpg]
  1 week ago

• Bill Hartzer, Danny Sullivan, Domain bell, Matt Cutts Lighting Up Twitter

  
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  This week, Twitter has been delivering some amazing insights into Domain Names, The Economy, technology and SEO. Here are the best among them. Hat tip @DomainBellofrager ‏@ofrager11hWanna See A GREAT List For A Change? http://j.mp/13pAAxG Expandofrager ‏@ofrager13hBiometric Database of All Adult Americans ...
  1 week ago

• 
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  Fed Money Printing is No Longer Working: Karl Denninger Interview (April 30, 2013) Karl Denninger of Market-Ticker.org says Fed money printing is no longer working, "Were seeing the leading edge of a great deal of softness, and this means the Federal Reserves money games have run out of gas." A weak economy ...
  1 week ago

• Lee Cooper eyes expansion into Estonia and Lithuania

  
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  Global denim brand seals new partnership with Poldma Trading to move into markets.Popular denim brand Lee Cooper has signed up Poldma Trading as its new Estonian licensee. The deal means that the brand will now expand across both the Estonian and Lithianian markets. An introductory Lee Cooper collection will debut ...
  1 week ago

• Business Survival Rates

  
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  Youve probably heard someone cite a statistic like "X% of small businesses fail in the first Y year[s]".    It seems that every time I hear someone cite that fact the numbers vary.   Ive talked about these varying and potentially misleading numbers before . A while back Joe over at Retireby40 cited such a ...
  1 week ago

• IF WE REALLY THINK THAT A JOB IS A SOCIAL GOOD IN ITSELF...:

  
  BrothersJudd Blog — Authority: 502
  How Low Can Part-Timers Hours Go? (HAROLD MEYERSON, MAY 6, 2013, American Prospect) Right now, the average number of hours an employee in a retail establishment works each week is 31.4. And a whole lot of Americans work in retail--just slightly over 15 million, according to the latest employment report, out ...
  1 week ago

• Australia has a new program that offers millionaires residency in return for a portion of their wealth

  
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  Australia said that so far it has attracted 170 applicants to a new program to develop foreign investment by offering overseas millionaires the right of residency in return for a portion of their wealth, in a bid to help the country compete better against other nations for money and expertise from abroad.
  1 week ago

• Directory of MOBILE HOMES TRANSPORTING in PRINCE EDWARD ISLAND Updated!

  
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  IMPORTANT NEWS (P.E.I., CANADA) -- The local directories by REALLY made IN Canada™ have been charged up to include the most current proprietorship details, makers, gear, regional information, services, and groups concerning mobile homes transporting in Prince Edward Island, Canada. The Prince Edward Island ...
  1 week ago

• Spain’s star ham fights for greater prestige

  
  The Moderate Voice — Authority: 670
  Spain’s star ham fights for greater prestige (via AFP ) The exquisite cured ham called Jamon Iberico made from distinctive Iberian black pigs, is the star of Spanish cuisine, but the economic downturn gripping Spain has hurt domestic sales and producers are looking to boost their fortunes abroad. To help market ...
  1 week ago

• WITH UNIVERSAL PERSONAL ACCOUNTS EVERYONE WILL REAP THE 7% SOLUTION:

  
  BrothersJudd Blog — Authority: 502
  Forecast for a 20,000 Dow Still Holds (JEFF SOMMER, May 11, 2013, NY Times) LAST July, when the Dow Jones industrial average was still stuck below 12,900 and investors were seeking safety in bonds, Seth J. Masters made a startling argument. Mr. Masters, the chief investment officer of Bernstein Global Wealth ...
  1 week ago

• My Mom and the American Dream

  
  Democratic National Committee: Blog — Authority: 132
  Over 40 years ago, my mom decided to do what so many moms had done before her. She decided to leave her home country so that her children could have a better life with more opportunity, better education, and freedom -- she decided to immigrate to the United States. With four kids (including me) my mom left Haiti, ...
  1 week ago

• Tbilisi to Host Iran-Georgia Economic Conference

  
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  Iran and Georgia will sponsor the first conferenceand exhibition of economic and industrial cooperation in Tbilisi on 1-2 July.Over 100 industrial and service organizations and officials from both countrieswill attend the event . (Fars News Agency, 12 May) Iranian nationals have invested heavily in Georgia in recent ...
  1 week ago

• On distortions

  
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  Yes, theres generally reason to be skeptical of corporate apologists trying to claim a populist, anti-corporate-welfare mantle while pushing for business to contribute less and less to society as a whole. But even if we werent going to hold that skepticism against the Fraser Institutes Mark Milke , there are two ...
  1 week ago

• Travis Cadman Has Spent

  
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  In 1989, Travis Cadman and his made the decision that they had learned enough and gained a great deal of valuable experience during their time in Ari
  1 week ago

• Deja vu all over again: Thousands gather in Tel Aviv to protest budget

  
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  The social protests returned to Tel Aviv on Saturday night, as thousands protested Finance Minister Yair Lapids budget proposals that tax the middle class while leaving Israels largest corporations untouched. The demonstrators jeered Lapid, calling him a puppet of the captains of Israeli industry, and accusing him of ...
  1 week ago

• Richard Branson serves as AirAsia stewardess after losing bet

  
  heave-ho.org — Authority: 150
  His star turn on the flight from Australia’s Perth to the Malaysian capital Kuala Lumpur came after he lost a Grand Prix bet with the Malaysian budget carrier’s founder. Read the original here: Richard Branson serves as AirAsia stewardess after losing bet
  1 week ago

• Nigel Farage on "wholesale, violent revolution" in Europe... "When the next phase of the disaster comes, they will come for you"

  
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  1 week ago

• The IRS Inquisition

  
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  On July 10th, the IRS held a press conference to formally apologize for elements and/or individuals within the organization who they now admit were specifically targeting conservative organizations during the 2012 election season for additional scrutiny. Any organization using the title “tea” or “patriot” was ...
  1 week ago

• Turkish deputy PM: 9 people detained in connection with blasts near Syrian border

  
  heave-ho.org — Authority: 150
  REYHANLI, Turkey (AP) — Turkish deputy PM: 9 people detained in connection with blasts near Syrian border. Originally posted here: Turkish deputy PM: 9 people detained in connection with blasts near Syrian border
  1 week ago

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