Just as electro motive force is generated as a result of induction as a direct consequence of Faraday's Laws, so also - economotive force in an economy is the amount of economic activity that is induced as a result of the rotor of human activity cutting across the magnetic fields of the markets and economic zones.
The true wealth of an economy is not the total foreign exchange reserves it has or it's GDP, but the true indicator is the amount of economotive force that is induced as a result of demand, supply and the proximity of the forces of demand and the forces of supply to markets where these forces can interact.
by Arunabh Das Two October 10, 2008
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