Anyone that exist on subsidies alone or lives off others (spouse, parents, girlfriend etc), physically healthy and refuses to work. Also; NEP or Nep for short.
by slavenomore7 January 28, 2019
Get the Non-economic participant mug.The economic idea of maintaining as little wealth as possible while at the same time spending as much as possible on alcohol
James down the road loves Haynesian Economics, he's spent his whole life using it to buy alcohol and have enough confidence to talk to ella
by haynesyboy July 29, 2020
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by Lurking Singh September 17, 2020
Get the chinese economics mug.Jake Economou is an individual who is on the larger scale in comparison to the average human. Jake Economou's usually enjoy eating lots of food and are quite obese. Usually Jake can be witnessed doing sports such as discuss, shotput, and even eating competitions.
by Mia Economou September 4, 2022
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Get the Special economic operation mug.Trickle Down Economics is a blatant strawman of supply-side economics used to demonize supporters of said system.
Those using the term assert that Republicans intend to cut taxes on the rich people, which will then, by some undefined mechanism, cause money to trickle down to the poor.
However, not one economist has ever published a theory on the mechanism behind this so called Trickle Down Theory.
This strawman mainly serves to demonize the Republicans for cutting taxes on the rich. The actual position of the Republicans, supply side economics, asserts a well known phenomenon, wherein cutting taxes on rich people will cause them to invest more money, thus opening new markets or expanding existing ones, creating jobs and generating wealth.
The origins of the term lie in a speech by Franklin Delano Roosevelt, wherein it is asserted that there are two economic theories, one according to which "If we make the rich people richer, somehow they will let a part trickle down to the rest of us.
The second theory ... is that if we make the average of mankind comfortable and secure, their prosperity will rise upwards, just as yeast rises up, through the ranks."
Roosevelt, a democrat ironically enough, mocked this idea himself, however, it has somehow become a staple in politics to claim that this nonexistant theory is somehow the economic position of the Republicans.
Those using the term assert that Republicans intend to cut taxes on the rich people, which will then, by some undefined mechanism, cause money to trickle down to the poor.
However, not one economist has ever published a theory on the mechanism behind this so called Trickle Down Theory.
This strawman mainly serves to demonize the Republicans for cutting taxes on the rich. The actual position of the Republicans, supply side economics, asserts a well known phenomenon, wherein cutting taxes on rich people will cause them to invest more money, thus opening new markets or expanding existing ones, creating jobs and generating wealth.
The origins of the term lie in a speech by Franklin Delano Roosevelt, wherein it is asserted that there are two economic theories, one according to which "If we make the rich people richer, somehow they will let a part trickle down to the rest of us.
The second theory ... is that if we make the average of mankind comfortable and secure, their prosperity will rise upwards, just as yeast rises up, through the ranks."
Roosevelt, a democrat ironically enough, mocked this idea himself, however, it has somehow become a staple in politics to claim that this nonexistant theory is somehow the economic position of the Republicans.
Trickle down economics has not worked even once.
By cutting the taxes for the rich, the money they save, so they claim, will some how trickle down to the poor.
By cutting the taxes for the rich, the money they save, so they claim, will some how trickle down to the poor.
by chrischi3 September 14, 2018
Get the Trickle Down Economics mug.A guy who answers a question with absolute certainty and then claims he thought he was answering a different question based on people's reaction when he is wrong in order to manifest himself being correct.
John : "Where are crocodiles found?"
Wombat : "They're only found in Australia"
John : *googles it* "No, they're found in Africa and both North and South America as well"
Wombat : "OH! I thought the question was where are crocodiles native to"
John : "You are a Schrodinger's Economist"
Wombat : "They're only found in Australia"
John : *googles it* "No, they're found in Africa and both North and South America as well"
Wombat : "OH! I thought the question was where are crocodiles native to"
John : "You are a Schrodinger's Economist"
by JonathenSmith February 16, 2023
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