Team Econ

Team Econ: the single greatest way mankind has ever organized themselves.

One faithful day, four knights of economics united to form the most formidable opponent in history. A four-headed machine, team econ can handle anything and everything. Also, Jesus Christ is their grandson.

The members of Team Econ are as follows:
Earth
Fire
Water
Heart

Team Econ ate a rubix cube and pooped it out solved.

Team Econ conceived God.

by SilentOne21 January 20, 2009

crackhead economics

When what you can afford is what you can steal and sell.

Crackhead economics is a simple sustaining system that doesn’t require any education, talent or planning ability, addiction is the only motivation you need!

by Dr Bunnygirl September 17, 2020

Trickle down economics

A sex act where a wealthy man urinates on a poor worker, claiming that it's good for him.

Trickle Down Economics greatly benefits the poor and my bladder.

by Baldr57 May 29, 2018

economies of scale

When cost of production per unit decreases, as production increases. The good effects of buying in bulk, up to a point.

We benefit from economies of scale at our timber plant.

by Kung-Fu Jesus April 30, 2004

Supply Side Economics

*noun*; a subdivision of economics that focuses on addressing recessions by stimulating supply, rather than demand. During a recession, supply siders recommend cutting taxes rather than increasing government spending.


"Supply side" is in contrast to traditional practitioners of Keynesianism, "demand siders" who believe the main fiscal policy tool for recessions should be increased government spending.

Both supply siders and demand siders believe the government is responsible for formulating effective fiscal policy during recessions.

The most famous advocate of supply side economics was Arthur Laffer.

When Ronald Reagan ...promised to cut taxes ...he claimed tax revenue would go up, not down... as the economy boomed in response to lower rates. Since then, supply side economics ... has become a central tenet of Republican political and economic thinking in the country.

"McCain sticks to Supply Side Economics..." *International Herald Tribune* (24 March 2008)

by Abu Yahya March 5, 2009

bush economy

An economic situation where most normal people living in the US can not afford general or typical goods and services any longer. Named for President George Bush's economic policies favoring the Reagan style of 'trickle down' economics where the wealthy are entrusted to send wealth to the lower classes. IT never works out that way.

I lost my job in customer service to an Indian. Its ok, I can't afford gas in the bush economy anyway to get to work.

by erock82 May 21, 2008

economics

The allocation of scarce resources that have alternative uses.

Everyone should have a basic understanding of economics to be an educated citizen

by Thomas Sowell July 22, 2005