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

egonomics

1. the logic used to justify ones actions for personal gain 2. the art of being self-centered 3. the actions and attitudes one takes to appear beter than others, that to the outside observer, shows he/she is a real jerk.

It was his egonomics that caused his to die a lonely man, and the geek, a millionaire

by Silly Dad August 12, 2003

Cum Economics

Cum economics is the economic value and processes that affect the cum market. For example when there is too much African cum in the market it causes demand to drop. (that's open for interpretation)

William: I love the cum economics of my country Uganda

Joe Mama: stfu

by William Donelly May 16, 2021

golden shower economics

What happens when trickle down economics doesn't work. A form of economic policy where the poorest body in an economic community becomes politically self depricating in the hopes they will one day become rich with no garrentee, or even counter evidence, that there will be any kind of pay off in the foreseeable future

"Why does Jerry keep voting republican? His family can't survive on anything but food stamps"

"He practices golden shower economics"

by Gun_totting_lib May 25, 2018