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

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

economic efficiency

The ability of an economic system to provide what people what, given their incomes. Given the fact that incomes and resources are both finite, efficiency will be of the utmost importance in determining if people's wants are satisfied by the workings of the economic system.

Free market economies usually provide high levels of economic efficiency.

by abu yahya June 23, 2008

economic interest of the community

The economic interest of the community is the well-being and general benefit of a community as a whole

The economic interest of the community ought to be valued above the individual right to property

by Flash1941 September 8, 2022

economics

The study of choice in the face of scarcity.

Ignorant people who post idiotic definitions have scarce resources.

by Adam Smith April 25, 2005