“Economics is the study of how people and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future among various persons and groups...
their deposits, and make loans to individuals, firms, or governments, and (3) central banks, which have a monopoly on the issue of certain types of money, serve as the bankers for the central government and the commercial banks, and have the power to determine the quantity of money. The...
economics (iːkəˈnomiks) noun singular the study of production and distribution of money and goods. He is studying economics.economíaeˈconomist noun a person who is an expert in economics. economistaeˈconomize, eˈconomise verb to spend money or goods carefully. We must ...
ECONOMICS meaning: 1 : a science concerned with the process or system by which goods and services are produced, sold, and bought; 2 : the part of something that relates to money
Money See alsodues and payment;economics;finance;poverty;trade. agiotage the business of buying and selling the curreneies of various countries by taking advantage of differences in rates of exchange.— agio,n. anatocism the act of lending with interest. ...
31 Useful Rhetorical Devices Using Bullet Points ( • ) 'Gray' vs. 'Grey': What is the difference? Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? Popular in Wordplay ...
经济学定义(Definitionofeconomics) Grossdomesticproduct(GDP)referstothesumofthemarket valueofallthefinalproducts(goodsandservices)produced byacountryoracertainregionwithinacertaintime. Grossnationalproduct(GNP)referstothevalueofthefinal productproducedbythetotalproductionfactorsofacountry's peopleinacertainperiodof...
[plural, uncountable]the way in which money influences, or is organized within, an area of business or society The economics of the project are very encouraging. The economics of maintaining a safe environment are not just the concern of the government. ...
What are the main principles of Keynesian economic theory? What is real wealth in economics? What is game theory in economics? Define economic imperialism What is economic base theory? What do economists mean by the demand for money? What is price control in economics?
wemustmakechoices—wemust chooseamongtheavailablealternatives. Thechoiceswemakedependontheincentiveswe face. Unit1DefinitionofEconomics Incentive Anincentiveisarewardorapenalty—a“carrot”ora “stick”—thatencouragesordiscouragesanaction. Economics Thesocialsciencethatstudiesthechoicesthatwe makeaswecopewith...