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Unbridled greed.
I exercised my economic liberty at Ampad when I worked at Bain.
Also known as ECON101 - A phrase styled after the usual name of an introductory economics module at university or college. It's usually used by libertarians and conservatives to explain away the problems of capitalism, with the implication that their interlocutor "simply doesn't understand basic economics", even though a lot of said basic economics go on to be debunked in Economics 201.
Lib: "The minimum wage was introduced so that every employed person could afford food and rent, but ever since the Reagan administration, wages haven't been following the massive increases in productivity, as well as skyrocketing rent."
Cons: "Bruh, that's dumb - raising wages means people must get fired! Also, rent is increasing because more people want to rent! Supply and demand - it's just Economics 101."
the lack of nutritional substance due to low income, no income, or being too busy to eat.
John has lost so much weight due to his circumstances leading to economic anorexia.
It is when two economic systems clash
When a capitalism and socialism clashes each other then it can say as an economic warfare
AP Economics is a scam class made by the collegeboard, which is ironic because they’re basically a true definition of a monopoly. If you don’t know what a monopoly is, it’s when one firm controls an entire market, getting to set their own high inflated prices, benefiting few consumers achieving a near productive or allocated efficiency. Does this sound familiar? Oh wait that’s literally the Collegeboard (commentary credit to @AnxiousJoe on Youtube. You can find it on his AP Test Tier List video.), and on top of that, you will find yourself graphing A LOT!! If you’re not a math or statistics person, graphing is going to be difficult for you. This class is basically a second math class even though it claims “that it’s minimal”, gurl I still have to find the area of a triangle in AN ECON CLASS. You may have to deal with poor grades and bad GPA!! Side effects of this class includes watching too much Jacob Clifford videos, staying up until 3 AM, having a low self-esteem, graphing until your hands hurt (aka arthritis), joints swelling, being on meds like advil and tylenol, and having mental breakdowns.
student 1: how was the ap economics test?
student 2: man i don’t understand microeconomics. what the hell is the supply and demand curve? i still don’t understand what price elasticity means.
second semester:
student 1: dude do you know what a monopoly is?
student 2: what the hell is that? i’m not learning macroeconomics right now.
Government and Central Bank policies of lower interest rates, higher taxes, wealth redistribution, and stimulus spending to create supposed prosperity or alleviate economic ills without the realization of any negative effects occurring as a result of their economic actions in the economy.
The recent Inflation Reduction Act is Candyland economics because it spends more money and increases taxes, instead of addressing the issue of inflation which is a monetary problem.
The theoretical study of using made up science to explain everything. Economists typically live on boats.
Do you’ve an explanation on how god turned water into wine?
It’s simple economics, duh