Economics Explained

An article written by Lee Sonogan

Economics, 3rd Edition Prof. Taylor-Business & Economics

Note: This article will feature on ENTERTAINMENT CULTURE ONLINE under the book There’s No Such Thing As A Utopia (First Draft) done in parts.

Quoting Paul Samuelson “Economics is a choice between alternatives all the time. Those are the trade-offs.”. Economics is an important factor in any political system covering many complexities (Not that one South Park Episode named Margaritaville). Fascinated by the topic as it relates to new trends and indicators of success, the concept is much more than just money. Planning to reference it soon, one definition is the branch of knowledge concerned with the production, consumption, and transfer of wealth. Or the condition of a region or group as regards material prosperity.

Diverse topics of an economy:

  • Government
  • Business
  • Health Care
  • Crime
  • Education
  • The Family
  • Law
  • Debate
  • War Science
  • The Environment
  • Probably many more!

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. – Thomas Sowell

Not an exact science, we are not converging toward exactitude, but we’re improving our databases and our ways of reasoning about them. Analytic information, in my opinion, should be implemented in any government to act on the greatest facts. More than the stockholders trading at the right time singular or mixed; an art and blended with the culture war, it is a force of patterns that needs to be controlled by the right people with an understanding of the international level.

The economy is the start and end of everything. You can’t have successful education reform or any other reform if you don’t have a strong economy. – David Cameron

Economic Design refers to sustainability from a more resilient and participatory future. Without all the numbers to ensure that I can only speculate but want to emphasise its establishment and deeper as you continue to read. The prediction of behaviours and interactions create how to shift and adapt back onto the perfect pendulum of stabilizing. I shall leave this subject with a quote by Herny Paulson “I’ve been through periods of stress, turbulence in the market for over the course of my career, various times, and never in any of those other periods have we had the advantage of a strong economy underpinning the markets.”.

A strong economy begins with a strong, well-educated workforce. – Bill Owens

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