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 Business
  Geithner Extends Bailout Through October
  The Obama administration plans to extend the $700 billion bailout through next October with a renewed focus on small businesses and homeowners.
  by bryanmckay / on Dec 9, 2009
• in Business
  UK Pre-Budget Report Creates Uncertainty
  With a General Election due in 2010 the Chancellor couldn't afford to deliver much bad news.
  by orangeduvet / on Dec 9, 2009
• in Business
  Bernanke Forecasts "Modest Economic Growth" in 2010
  A cautiously optimistic Bernanke told the Economic Club of Washington on Monday that he expects "modest economic growth" in the coming year.
  by bryanmckay / on Dec 7, 2009

Latest blogosphere posts tagged “economy”

• Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold… Or Else

  
  Truth is Contagious — Authority: 177
  Here is precisely what the Fed, the Treasury, and all bank CEOs are doing all their best to keep hidden until they are safely on their private jets heading toward warmer climes: in 2010, the total estimated net issuance across all US$ denominated fixed income classes is expected to increase by 27%, from $1.75 trillion ...
  3 hours ago

• Directory of MENTAL HEALTH SERVICES in MANITOBA Updated!

  
  REALLY Made IN Canada NEWS — Authority: 154
  The REALLY Made In Canada ™ Local Online Guides and Directories have been updated to include the latest regional information, businesses, services, and organizations related to Mental Health Services in Manitoba, Canada. The Manitoba business listings provided here, are just part of the over one million Canadian ...
  3 hours ago

• How Much Should I Pay: 2001 Pontiac Sunfire Prices

  
  AutoBrag Blog — Authority: 151
  Question From Rob: price for 2001 sunfire 142,000 miles  pontiac fair cond. Queen of the Road: Hi Rob. Welcome to AutoBragBlog, the car price authority!! 2001 Pontiac Sunfire Sedan SE  prices with 142,000 miles, wholesale prices range from $2,400 (being in above average condition) to $1,500 ...
  3 hours ago

• Libraries on the book case for overdue fines(Crack down on scofflaws)

  
  Stupidica — Authority: 177
  With the crippled economy forcing more Bay Staters to dust off library cards, local lending institutions are throwing the book at overdue scofflaws, turning them over to the cops and courts in a hard-nosed bid to collect fines and recover costly tomes and DVDs. “The value of the materials is fairly high. We need to ...
  3 hours ago

• Shadow Stats’ Williams Says Hunker Down For Depression

  
  LILA RAJIVA: The Mind-Body Politic — Authority: 141
  John Williams of Shadow Stats says the gig is up:“Atlhough the hyperinflation is going to be limited largely to the U.S., the economic downturn will affect things globally. I can’t tell you how things will go with a hyperinflationary Great Depression, which is where I see things going.It’s the type of thing that ...
  3 hours ago

• UN to produce bullion coins as world currency

  
  Truth is Contagious — Authority: 177
  The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit. WRH permalink
  3 hours ago

• This Crash Is Far From Over

  
  Truth is Contagious — Authority: 177
  Were not overly pessimistic on the economy, but its hard to ignore truths when every one else falsely cheers a housing recovery. So do yourself a favor... when housing bulls, for example, tell you all is fine, ignore them. WRH permalink
  3 hours ago

• HEINOUS HEALTH HEIST - JUST MORE WASHINGTON CORRUPTION

  
  InvestmentWatch — Authority: 157
  “The Senate Postmortem” - Wall Street Journal “Every Democrat cast the deciding health-care vote. In the post-dawn hours on Thursday the Senate passed ObamaCare 60 to 39, in the first vote on Christmas Eve since 1895 and after the longest consecutive session in Congress since World War I. We are thus heading ...
  3 hours ago

• Geithner: Confident About Economic Rebound

  
  The Big Picture — Authority: 683
  Click for audio [IMG: http://www.ritholtz.com/blog/wp-content/uploads/2009/12/Geithner-Confident-About-Rebound.png]
  3 hours ago

• Sinking economy may pull down planned increase in Pell grant. : An article from: Community College Week

  
  Prepare For College — Authority: 154
  Product Description This digital document is an article from Community College Week, published by Cox, Matthews & Associates on November 26, 2001. The length of the article is 724 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in ...
  3 hours ago

• Man busted for stealing $500 worth of meat

  
  Truth is Contagious — Authority: 177
  WRH permalink
  3 hours ago

• ‘Excuse Me…Can You Help Me Out with Some Change?’

  
  Publius Forum — Authority: 490
  -By Nancy Salvato“Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime.” – Lao TzuEvery evening on my way to Union Station, the same set of street hustlers are hanging about, soliciting for a handout. Some line the sidewalk, perched on [...]
  4 hours ago

• Daily Links for December 21st through December 26th

  
  Akkam's Razor — Authority: 128
  All excerpts are quoted from the respective link(s). why local first | Local First – This question is best answered by Michael H. Shuman, author of the book Going Local. "Going local does not mean walling off the outside world. It Means nurturing locally owned businesses which use local resources ...
  4 hours ago

• Top Ten Videos of 2009: The Full List

  
  Cheek and Bluster — Authority: 117
  As promised, here’s a re-cap of my full top ten list. Click on any item to see the original post. Storm Large, “8 Miles Wide” The Muppets, “Habanera” The Onion, “Mexican Border Wall” Real Time with Bill Maher , “Sarah Silverman Solves World Hunger” The Onion, “In ...
  4 hours ago

• Paying PAYE on time

  
  PR Friend Press Releases — Authority: 154
  From May 2010 you may have to pay a penalty if you do not pay the PAYE due each month, on time and in full.What if I do not pay on time?It is intended to implement the late payments penalties for payment due from May 2010. From then on, you may have to pay penalties [...] Paying PAYE on time is a post from: PR ...
  4 hours ago

• Directory of MENTAL HEALTH SERVICES in BRITISH COLUMBIA Updated!

  
  REALLY Made IN Canada NEWS — Authority: 154
  The REALLY Made In Canada ™ Local Online Guides and Directories have been updated to include the latest regional information, businesses, services, and organizations related to Mental Health Services in British Columbia, Canada. The British Columbia business listings provided here, are just part of the over one ...
  5 hours ago

• Which industries did best, worst in ‘09?

  
  Jan Norman on Small Business — Authority: 128
  Although 2009 was a tough year for millions of Americans and small businesses, some industry categories did better than others, according to Sageworks Inc. , which provides financial analysis of privately owned businesses. Here are the best and worst performing industries, based on Sageworks database (click on ...
  5 hours ago

• Start Your After-Christmas Shopping at The Union Shop Online™

  
  AFL-CIO NOW BLOG — Authority: 634
        So you thanked Aunt Tillie for the psychedelic tie and didn’t roll your eyes when you opened the fuzzy Batman slippers with blinking lights from your kids. But if you cringe at the thought of day-after Christmas, door-buster crowds at the big-box stores and malls, you can flesh out your gift stash ...
  5 hours ago

• Sustainable logging - its all in the family

  
  Oregon Living — Authority: 791
  The Gassner family logging business has felled trees for Starker Forests - another family business - for decades. Both families believe good stewardship of the land will keep their businesses going for generations.
  5 hours ago

• Texas Is the Big Winner in Recession Migration

  
  DailyFinance — Authority: 766
  In the race for largest population growth over the last decade, Texas has won out over Florida. Prior to the recession, Florida was expected to be the biggest population gainer, but Texas late addition of jobs helped it to pull ahead. Between July 2005 and July 2009, the Lone Star State added 648,600 nonfarm jobs , ...
  5 hours ago

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