1 definition by Skinny J Keynes

Top Definition
The science and study of production, distribution, and consumption of life in the ghetto. Ghettonomics is characterized by low savings rates, high aggregate demand for marginal goods, and high leverage ratios. Since many goods consumed are marginal luxury items, the price elasticity of demand is described as approx. -2^x as it is near constant until reach a tipping point.
I use ghettonomics to further my understand of da hood, yo!
by Skinny J Keynes July 10, 2009

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug