Archive for March, 2011

ECONOMIC DEFINITIONS

March 4, 2011
  • Economy – A group of people who form relationships based upon consumption
  • Economic activity – Consumption
  • Economic development – Creating any reason for people to consume
  • Economics – The study of consumption

A business is a group of people.
A community is a group of people.
A government is a group of people.
Without people, there is no economy.
Without relationships, there is no economy.

By the above definitions, it should be a fairly simple matter to grow the economy by just having people consume in the right way.