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“I, however,
place economy among the first and most important republican virtues,
and public debt as the greatest of the dangers to be feared.”
Thomas Jefferson
Careers in Economics
"Economics
is the social
science
that analyzes the production,
distribution,
and consumption
of goods
and services.
The term economics
comes from the Ancient
Greek
οἰκονομία
(oikonomia,
"management of a household,
administration") from
οἶκος
(oikos,
"house") +
νόμος
(nomos,
"custom" or "law"), hence "rules
of the house(hold)". Current
economic models emerged from the
broader field of political
economy
in the late 19th century. A
primary stimulus for the
development of modern economics
was the desire to use an
empirical approach more akin to
the physical sciences. Economics aims to explain how
economies
work and how economic agents
interact. Economic analysis is
applied throughout society, in
business, finance and
government, but also in crime,
education,
the family,
health,
law,
politics,
religion,
social
institutions,
war, and science.
The expanding domain of
economics in the social
sciences
has been described as economic
imperialism."Source:Wikipedia
Coins
have a grooved edge
because in the past
dishonest traders
filed down the edges
to remove some of
the precious metal.
Many countries print
images or writing at
the very edge of the
coin to prevent this
same dishonest
practice. Source:
Little Known Facts
About Money and
Econonics
