General Economic Concepts

About General Economic Concepts

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade[1], and consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'.[2] Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.
Some concepts of general economics;
• Keynesian economics
• Classical economics
• Neo-Keynesian economics
• Neoclassical economics
• New classical economics
• New Keynesian economics
• Participatory economics
• Home economics
• Goods
• Modern portfolio theory
• Game theory
• Human development theory
• Production theory basics
• Time preference theory of interest
• Agent
• Arbitrage
• Big Mac Index
• Big push model
• Cash crop
• Canadian and American economies compared
• Catch-up effect
• Chicago school
• Collusion
• Commodity
• Comparative advantage
• Competitive advantage
• complementarity
• Consumer and producer surplus
• Cost
• Debt
• Devaluation
• Disposable income