Econ 210 - Econ 210 - Assignment 1-2 Assignment 1-2 ECON...

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Econ 210 - Assignment 1-2 Assignment 1-2 ECON 210
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Econ 210 - Assignment 1-2 Abstract Of all the sources I have checked out, the text book, online websites, and the dictionary, Economics is the science of people interacting with themselves and as a population as a whole. Dictioary.com defines economics as, "the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. " (dictionary.com). A great example of scarcity, is money for the federal budget. The Daily Herald once stated, quoting Republican members of congress, "the Government doesn't have a revenue problem, they have a spending problem." (Daily Herald, 2011). I can give examples of how this has affected me as an individual, October 1st starts the new fiscal year for the US Government. The new budget for this new year downside in its spending. I lost my job, because the federal government didn't have enough money to fulfill all of its obligations for the new year, and as a economy as a whole the US government has been
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Econ 210 - Econ 210 - Assignment 1-2 Assignment 1-2 ECON...

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