Economics is one viable foce that determines the rate of supply and demand in relation to the scarcity level of resources. It has two components such as Microeconomics which deals with the behavioral analysis of consumers, firms and how the governement react to their issues. The other component of economics is called Macroeconomics which looks after the rate of inflation , industria production, unemployment and of course how the government reacts to the flow.
Here are a few jokes that defines what economics is all about;
(Dilbert: Not sugar coated, Web, 2011)
This clip shows choosing from trategy options, in economic principles it is defined as a pointing direction for an organization in terms of long term goals. Options on the other hand is choice in which the organization will have to choose that would bring the best result for their goals.
(Why newborns cry, Web, 2011)
The stimulus bill is a new law signed by the incumbent US President Barack Obama in February of 2009. This is to quickly allow economic recovery caused by recession and to save a lot of companies that are on the verge of bankrupcy. This is also designed to prevent massive job lay-offs.
Here are a few more hilarious ways of defining economics;
(Madoff's inspiration, Web, 2011)
(Has Calvin been in Detroit?, Web, 2011)
(KAL's cartoon, Web, 2011)
(KAL's cartoon, Web, 2011)
Works Cited
Econosseur.com. 20, September 2009. Web. Dilbert: Not sugar coated. Retrived on December 6, 2011 from http://www.econosseur.com/assets_c/2009/09/Dilbert2009-09-20.html
Econosseur.com. July, 2009. Web. Why newborns cry. Retrived on December 6, 2011 from http://www.econosseur.com/assets_c/2009/07/BabiesPayStimulus.html
Econosseur.com. January, 2009. Web. Madoff's inspiration. Retrived on December 6, 2011 from http://www.econosseur.com/assets_c/2009/01/MadoffOrigin.html
Economist.com. December, 2008. Web. Has Calvin been in Detroit?. Retrived on December 6, 2011 from http://www.econosseur.com/assets_c/2008/12/CalvinAndHobbsLemonadeStand.html
Econosseur.com. from the print edition 14, July 2011. Web. KAL's cartoon Retrived on December 6, 2011 from http://www.economist.com/node/18960081
Politicalhumor.about.com. N.D. Web. Wall Street Redux Retrived on December 6, 2011 from http://politicalhumor.about.com/od/economy/ig/Economic-Cartoons/WallStreetRedux.0ymR.htm
