Economics
Money Management and Budgeting
Introduction Definitions and Basics ● How to build your first budget, at MSN.com. ● Angelica Trummell, 22, just graduated from…
August 19, 2021 · Prabhu TLEconomics
Economics
Technology
Introduction Definitions and Basics ● Technology, at Dictionary.com ● Technology: ○ 1. the branch of knowledge that deals with the creation…
August 19, 2021 · Prabhu TLEconomics
Factors of production
Production involves the creation of goods and services by using scarce resources. Producers must exchange the income they…
August 19, 2021 · Prabhu TLEconomics
Consumers
Introduction Definitions and Basics ● Consumer, from Answers.com ● Consumer: ● 1. One that consumes, especially one that acquires goods or…
August 19, 2021 · Prabhu TLEconomics
Producers
Introduction ● A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor…
August 19, 2021 · Prabhu TLEconomics
Entrepreneurs
Introduction ● An entrepreneur is someone who starts up a business. It could be anything from making and selling…
August 19, 2021 · Prabhu TLEconomics
Compound Interest
Introduction Definitions and Basics ● Interest, from the Concise Encyclopedia of Economics ● Interest is the price people pay to have…
August 19, 2021 · Prabhu TLEconomics
Credit
Introduction Definitions and Basics ● Credit, from Dictionary.com ● Definition: credit: ○ 5. confidence in a purchaser’s ability and intention to…
August 19, 2021 · Prabhu TLEconomics
Government Budget Deficits and Government Debt
Introduction Definitions and Basics ● Government Debt and Deficits, from the Concise Encyclopedia of Economics ● Government debt is the stock…
August 19, 2021 · Prabhu TLEconomics
Government Failures, Rent Seeking, and Public Choice
Introduction Definitions and Basics ● Rent Seeking, by David R. Henderson, from the Concise Encyclopedia of Economics ● “Rent seeking” is…
August 19, 2021 · Prabhu TL