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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
Economics Statistics
"Economics is the social science
that analyzes the production,
distribution, and
consumption of
goods and services. The
term economics
comes from the Ancient Greekοἰκονομία
(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,
thefamily, 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
"Red
ink hit a peak rate of $1 trillion in 100 days just before Obama." "Only
$1.2 trillion is owed to China." "10 trillion is owed to America."
Source ZFacts
"Economics is the