Economic system: Difference between revisions
From CasGroup
Jump to navigationJump to search
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The '''economy''' is the overall system of production and distribution and consumption of material goods and services. The basic elements of an economic system are organizations (companies, corporations, firms, etc.) which interact with each other through markets. | Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The '''economy''' is the overall system of production and distribution and consumption of material goods and services. The basic elements of an economic system are organizations (companies, corporations, firms, etc.) which interact with each other through markets. | ||
see also [[Path Dependence]] | see also [[Path Dependence]], [[Agent-Based Model]] | ||
Latest revision as of 18:01, 16 February 2011
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The economy is the overall system of production and distribution and consumption of material goods and services. The basic elements of an economic system are organizations (companies, corporations, firms, etc.) which interact with each other through markets.
see also Path Dependence, Agent-Based Model
Links
- Wikipedia entry for Economics
- Notebooks entry for Economics
