*aka “economics”*
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-as of [24 MARCH 2024]–
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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”)
.
“UK ENGLISH” –>
/iΛkΙΛnΙmΙͺks/
/ΙkΙΛnΙmΙͺks/
.
“AMERICAN ENGLISH” –>
/ΙkΙΛnΙΛmΙͺks/
/ikΙΛnΙΛmΙͺks/)
(same ‘pronunciation variants’ as “UK english”)
.
–
[‘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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*π¨βπ¬π΅οΈββοΈπββοΈ*SKETCHES*πββοΈπ©βπ¬π΅οΈββοΈ*
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ππ|/\-*WIKI-LINK*-/\|ππ
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πππβ*βBACK TO BASIXβ* β πππ
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πππππ€ππ€ππ€ππ€β€οΈπππ§‘β£οΈπππβ£οΈπ§‘ππβ€οΈπ€ππ€ππ€ππ€ππππ
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*πβ¨ *TABLE OF CONTENTS* β¨π·*
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π₯π₯π₯π₯π₯π₯*we won the war* π₯π₯π₯π₯π₯π₯