Households

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.

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    Too Big To Fail

    May 25, 11 • 393 Views • No Comments

    The HBO documentary, “Too Big To Fail” was excellent. But what to come away with? TBTF (Too Big To Fail) solves problems and it creates them. TBTF can reverse a confidence crisis. When the world is worried that the failure of a large bank will......  [read more]

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    Animal Spirits and Gas Prices

    May 24, 11 • 471 Views • No Comments

    Is a 9-cent drop enough to ignite our “animal spirits?” The 9-cent decrease refers to the average national price of a gallon of regular gasoline. And “animal spirits” is the optimism that leads to more buying and investing. During the......  [read more]

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    The Real Cost of a Car

    May 23, 11 • 383 Views • No Comments

    To see how much a car costs, just add up the purchase price, insurance, gas and a yearly service. Yes? According to one group of researchers, a car that is driven 100,000 miles costs $19,000 more than you might think. The $19,000 relates to external costs.......  [read more]

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    Will Power and Wealth

    May 22, 11 • 446 Views • No Comments

    Observing young children, scientists believe they can predict certain adult outcomes. One classic study from the 1960s involved delayed gratification.  A child and a single marshmallow were left in a room. The child could have one marshmallow now or two......  [read more]

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    Population Pyramids

    May 20, 11 • 519 Views • No Comments

    These graphics are wonderful! Shaped sort of like a triangle because the elderly population is so small, this population pyramid for Egypt illustrates a youth bulge of men and women who are 15 to 29. The “bulge” represents 28% of the......  [read more]