πŸ€‘πŸ’ΈπŸ’°.the $core.πŸ’°πŸ’ΈπŸ€‘

*aka “economics”*

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-as of [24 MARCH 2024]

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*ECONOMIC CONCEPTS*

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*MATHEMATIX*

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*FINANCE*

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*FAIR DIVISION*

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“the art of ‘capitalism’*

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‘zero-sum games’

*playing for ‘keeps’*
(for ‘love’of the ‘game’)
(for the ‘thrill of the ‘chase’)

(aka “state of the union”)

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“UK ENGLISH” –>

/iːkΙ™ΛˆnΙ’mΙͺks/

/Ι›kΙ™ΛˆnΙ’mΙͺks/

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“AMERICAN ENGLISH” –> 

/Ι›kΙ™ΛˆnɑːmΙͺks/

/ikΙ™ΛˆnɑːmΙͺks/)

(same ‘pronunciation variants’ as “UK english”)

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[‘economics’  is a ‘social science’ concerned chiefly with [‘description’ / ‘analysis of’] the [‘production’ / ‘distribution’ / ‘consumption’] of (‘goods’ + ‘services’)]

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(‘economics’ focuses on the ‘behavior’ and ‘interactions’ of ‘economic agents’ and how ‘economies’ work)

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(‘micro-economics’ analyzes ‘basic elements’ in the ‘economy’, including…)

*individual ‘agents’ + ‘markets’*

*their ‘interactions’*

*the ‘outcomes’ of ‘interactions’*

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(‘individual agents’ may include, for example…)

‘households’

‘firms’

‘buyers’

‘sellers’

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(‘macro-economics’ analyzes the entire ‘economy’…)

(meaning…)

‘aggregated production’

‘consumption’

‘savings’

‘investment’

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(and issues affecting it, including…)

*’unemployment’ of ‘resources’*
(‘labor’ / ‘capital’ / ‘land’)

*’inflation’*

*’economic growth’*

*’public policies’ that address these issues*
(‘monetary’, ‘fiscal’, (and ‘other’) ‘policies’))

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(other broad distinctions within ‘economics’ include those between…)

‘positive economics’
(describing “what is”)

VS

‘normative economics’
(advocating “what ought to be”)

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*between ‘economic theory’ + ‘applied economix’*

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*between ‘rational economix’ + ‘behavioral’ economix*

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*between ‘mainstream economix’ + ‘heterodox economix’*

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*πŸ‘¨β€πŸ”¬πŸ•΅οΈβ€β™€οΈπŸ™‡β€β™€οΈ*SKETCHES*πŸ™‡β€β™‚οΈπŸ‘©β€πŸ”¬πŸ•΅οΈβ€β™‚οΈ*

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πŸ“šπŸ“–|/\-*WIKI-LINK*-/\|πŸ“–πŸ“š

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πŸ‘ˆπŸ‘ˆπŸ‘ˆβ˜œ*β€œBACK TO BASIX”* ☞ πŸ‘‰πŸ‘‰πŸ‘‰

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πŸ’•πŸ’πŸ’–πŸ’“πŸ–€πŸ’™πŸ–€πŸ’™πŸ–€πŸ’™πŸ–€β€οΈπŸ’šπŸ’›πŸ§‘β£οΈπŸ’žπŸ’”πŸ’˜β£οΈπŸ§‘πŸ’›πŸ’šβ€οΈπŸ–€πŸ’œπŸ–€πŸ’™πŸ–€πŸ’™πŸ–€πŸ’—πŸ’–πŸ’πŸ’˜

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*🌈✨ *TABLE OF CONTENTS* ✨🌷*

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πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯*we won the war* πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯