 |
GDP and the Players ThreeIt All Adds Up
The U.S. economy is a $10 trillion system of production and consumption, but it can be broken down and analyzed. The major players—consumers, businesses, and government—constantly interact with one another. Each interaction, whether it is a purchase or sale, investment or paycheck, tax or loan, constitutes a transaction and a form of economic activity.
It is that economic activity—and the millions of decisions that underlie that activity—that add up to our economy. The same is true of the economies of other nations, although some of them depend on exports and imports far more than the U.S. economy. Economics is the study of the interactions of these various players in the economy, and of the motivation behind and the effects of the decisions that drive these interactions.
 Excerpted from The Complete Idiot's Guide to Economics © 2003 by Tom Gorman. All rights reserved including the right
of reproduction in whole or in part in any form. Used by
arrangement with Alpha Books, a member of Penguin Group
(USA) Inc. To order this book direct from the publisher, visit the
Idiot's Guide website
or call 1-800-253-6476. Or visit Amazon.com
Infoplease Career Center
Trade Publications FREE to Qualified Professionals.
Global Finance has been providing monthly news and analysis since 1987 about companies and financial institutions that do business around the world. |
Business Solutions article's show readers how to sell new technologies and penetrate growing vertical markets. |
Beyond.com Career Portal Software. © Copyright 2001-2005 Artemis HR, Inc.
|
|
