General Concepts
Environmentalism
Introduction Definitions and Basics ● Natural Resources, from the Concise Encyclopedia of Economics ● The earth’s natural resources are finite, which means…
August 31, 2021 · Taylor EmmaAuthor: Taylor Emma
A senior editor for The Mars that left the company to join the team of SenseCentral as a news editor and content creator. An artist by nature who enjoys video games, guitars, action figures, cooking, painting, drawing and good music.
General Concepts
Productive Resources
Introduction ● A resource is something we rely on or use to accomplish a goal. If you are trying…
August 31, 2021 · Taylor EmmaGeneral Concepts
Globalization, Interdependence, and Local Trade
Introduction Definitions and Basics ● Interdependence and the division of labor: I, Pencil, by Leonard Read. ● Simple? Yet, not a single person…
August 31, 2021 · Taylor EmmaGeneral Concepts
Human Capital
Introduction Definitions and Basics ● Human Capital, from the Concise Encyclopedia of Economics ● To most people capital means a bank account,…
August 31, 2021 · Taylor EmmaGeneral Concepts
Saving and Investing
Introduction Definitions and Basics ● Saving, from the Concise Encyclopedia of Economics ● Saving means different things to different people. To some…
August 31, 2021 · Taylor EmmaGeneral Concepts
Financial Markets
Introduction Definitions and Basics ● Stock Market, from the Concise Encyclopedia of Economics ● The price of a share of stock, like…
August 31, 2021 · Taylor EmmaGeneral Concepts
Foreign Currency Markets and Exchange Rates
Introduction Definitions and Basics ● Foreign Exchange, from the Concise Encyclopedia of Economics ● The foreign exchange market is the market in…
August 31, 2021 · Taylor EmmaGeneral Concepts
Money
Introduction Definitions and Basics ● Money, at About.com ● Money is a good that acts as a medium of exchange in…
August 31, 2021 · Taylor EmmaGeneral Concepts
Balance of Trade and Balance of Payments
Introduction Definitions and Basics ● Balance of Payments, from the Concise Encyclopedia of Economics ● The balance of payments accounts of a…
August 31, 2021 · Taylor EmmaGeneral Concepts
Barriers to Trade
Introduction ● A barrier to trade is a government-imposed restraint on the flow of international goods or services. Those…
August 31, 2021 · Taylor Emma