Web Results

www.reference.com/business-finance/non-economic-good-a3a5dd05dd418095

Non-economic goods are goods or services that are plentiful and free. Air and dirt are considered non-economic goods since they are neither scarce nor valuable.

www.reference.com/world-view/definition-economic-rights-b68188bec4360380

Economic rights are part of a range of legal principles based on the philosophy of human cultural and social obligations in which economic equality and freedom are preserved. Economic and social rights are granted to Americans fulfilled by the government in an effort to ensure that citizens have the

www.reference.com/article/home-economics-acf6212973713ad5

Home economics is the field of study dealing with the management of the home and its place in the broader community. In the past, home economics, known to many simply as home ec, was strictly concerned with traditional homemaking and taught only to girls. Today, the field encompasses a broader range

www.reference.com/world-view/importance-economics-b2f8316c70f2f5

Economics and economic education are important for providing people with valuable insight into how foreign and domestic markets operate, which allows them to make reasoned and rational choices for short-term and long-term financial benefits. Studying economics also allows people to learn how to mana

www.reference.com/article/origin-economics-6d41c978dae0e7f4

Investopedia explains that the origin of economic thought lies with a man named Adam Smith who was heavily influenced by French writers and philosophers. Smith developed the discipline of economics as an alternative to French mercantilism, which was an easily exploited system that benefited the weal

www.reference.com/world-view/economic-factors-a0fcced2e4cd9ac3

Economic factors comprise the information that influences the value of an investment or business. When you are calculating the present and anticipated future value of an investment portfolio or a business, the economic factors are what you bear in mind. The primary economic factors are management, t

www.reference.com/article/three-economic-systems-68353c9bba89a5

The three economic systems are the traditional, command and market economic systems. Different countries use different economic systems.

www.reference.com/article/economics-like-science-a3e21135238aea1e

According to the Business Insider, economics is like a science because economists use an empirical or scientific method to solve problems. In addition, theories in economics can be tested. The Business Insider adds that economists have access to big data, which allows them to isolate and establish t

www.reference.com/world-view/economic-globalization-3c715a10c2794972

Economic globalization is the increasing interdependence of national economies that has resulted from growing levels of trade between nations. This integration of the world's economies is possible as a result of technological advancements that allow for quicker communication around the world, as wel

www.reference.com/article/father-economics-c065c9592ef8a4b5

Adam Smith is often considered the father of economics. Much of what is considered the standard of market theory was written by him over the course of two books, the "Theory of Moral Sentiments" and "An Inquiry into the Nature and Causes of the Wealth of Nations."