In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

  • Human capital helps GDP Grow

    GDP Solutions

    Aug 2, 11 • 553 Views • No Comments

    It is all about GDP.  In this article, the WSJ does a good job of explaining how each GDP component might solve our problems…or make them worse. Consumer Spending: The largest part of GDP, consumer spending has propelled recovery in the past. With......  [read more]

  • 16526_8.1_000002523894XSmall

    Do We Need Area Codes?

    Aug 1, 11 • 682 Views • No Comments

    What if the 3 digits that precede your phone number no longer related to a place? Known as “number depletion,” phone companies use area codes because we are running out of numbers. But need the numbers have geographical significance? Calls outside......  [read more]

  • 16522_9.29_000007709084XSmall

    Fried Chicken Wings

    Jul 30, 11 • 594 Views • No Comments

    When the NFL lockout ended, dry cleaners, ticket-takers and souvenir sellers rejoiced. But not chickens. According to the National Chicken Council, on Super Bowl Sunday 2011, we consumed 1.25 billion chicken wings. Joe Sanderson, CEO of the 4th largest......  [read more]

  • 16520_7.29_000016963282XSmall

    An Excellent Budget Plan

    Jul 29, 11 • 517 Views • No Comments

    A debt reduction suggestion. Let’s use what the President’s budget commission suggests. Proposing legislation that will mandate restraint and discourage political opportunism, they are bipartisan. And, they get people on the right and the left......  [read more]

  • 16518_2.21_000006135757XSmall

    The Power of the Market: Part 2

    Jul 28, 11 • 396 Views • No Comments

    World oil demand has hit a new high. But not from everyone. Called the “New World” and “Old World” by economist Ed Yardeni, you can see through his graphs, the divide in world oil demand. China, India, Brazil and other emerging......  [read more]