Bling Economics

Defines the gap between regular economics and the actualy economics of society. The coutries finacial definitions are defined by the governments assumption on what the "AVERAGE" family does, however bling economics describes the fact that the modern families want more than the average family.

For instance the average family according to the govt shops for nescafe and the mordern person want starbucks.

THEREFORE, pricing things according to the govts rate of inflation as oposed to bling economics rate of inflation leads many of the population taking pay cuts.

Govt: The current rate of inflation is 2.5%
bling economics: The rate of inflation for consumerist economy is 10%

by Harsh MC July 11, 2007

market economy

Production of goods and services is not planned by individuals,rather production is determined by the interaction of supply and demand forces.

Example of Market economy are USA and West european countries

by Prem Suthar July 13, 2006

econnoisseur

One who insists on the highest quality at the lowest price.

Being an econnoisseur I bought the ten dollar chilean wine instead of the fifty dollar french.

by John F. Oliver November 12, 2007

econobox

A slang term for a small, boxy, fuel-efficient automobile with few luxuries.

Possibly the first econobox was the Austin Mini, first built in England in 1959.

Other well known economy cars like the Volkswagen Beetle, Fiat 500 and the Citroën 2CV are sometimes referred to as econoboxes, but do not have the requisite square shape of a true econobox.

Did you see that clunky, old Yugo? If that isn't an econobox, I don't know what is.

by Shant Jaltorossian March 12, 2008

fuel economist

One who goes to great lengths to pay as little as possible for gas.

"I get gas whereever I need to; I'm not gonna bend over backwards to save, like, a dollar, cuz I'm no fuel economist"

by PositiveZero April 1, 2008

economic intercourse

when the democrats hike taxes and the economy gets fucked.

"You're not going to be able to have economic intercourse around the world."

by joeybl April 29, 2020

Armchair Economist

Any person who does not have the intelligence or experience to even begin to understand the world's economies but decides their opinions are what will return the world to a time of prosperity anyway. These people often make no effort to even consider the possibility that people who do this for a living are acting in the best interest of the majority.

I heard some armchair economist say, "if the government gave everyone a new Chevy, that would fix the economy".

by T_i_m_o March 20, 2009