Debt, Default & Government Spending [NBC 7-26-2011]

Visit: MeTee.com Support this Youtube channel and Design & Publish a T-Shirt using the link above. This channel is brought to you by MeTee T-Shirts: The place for on-demand t-shirts. T-shirt design in seconds & always free shipping. - Thursday July 28 2011 1:51 pm www.msnbc.msn.com Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, 'management of a household, administration') from οἶκος (oikos, 'house') + νόμος (nomos, 'custom' or 'law'), hence 'rules of the house(hold)'. Current economic models emerged from the broader field of political economy in the late 19th century. A primary stimulus for the development of modern economics was the desire to use an empirical approach more akin to the physical sciences. Economics aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society, in business, finance and government, but also in crime, education, the family, health, law, politics, religion, social institutions, war, and science. The expanding domain of economics in the social sciences has been described as economic imperialism. - Like/Dislike, Comment, Favorite and share on Twitter, Facebook, and Google+ to get the word out on this video. Signup for the Daily News Email Subscription: tinyurl.com If you are interested in becoming a channel sponsor for $1/day for 30 days send a Youtube ...

View Count: 0 Date: July 28, 2011

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