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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    Brand Matters

    May 11, 11 • 446 Views • No Comments

    Not so long ago, an apple was just a piece of fruit and a “google’ (actually spelled googol) was 10 raised to the 100th power. Mention apple today and most of us think of iPhones and iMacs. However, Apple is not just a technology company. As with......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Fictitious Billionaires

    May 8, 11 • 474 Views • No Comments

    Having amassed her fortune as CEO of an electronics empire and through her inheritance, The Office’s Jolene “Jo” Bennett is ranked #11 on this year’s Forbes Fictional 15. You might enjoy this (fictitious) Forbes interview of Ms.......  [read more]

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    Look For the Silver Lining

    May 4, 11 • 401 Views • No Comments

    You might want to decide whether to set the table with Granny’s silver, sell it, or melt it. To see why, you just need to look at a graph of the price of silver. Representing a 162% increase between January and now, the line is almost vertical. When......  [read more]

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    Sales Tax Decisions

    May 2, 11 • 439 Views • No Comments

    A buttered bagel is a sandwich but not an unsliced bagel–unless you eat it in the store. Subject to the New York State sandwich tax, so too are burritos, wraps, BLTs and buttered rolls.  Plan to buy fudge? You will pay a sales tax in New York.......  [read more]

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    Medicare Math

    May 1, 11 • 478 Views • No Comments

    The ratio is 3 to 1. The “3” is how much Medicare recipients are receiving. The “1” is what they paid. Still though, you can see from this NPR report why most people call Medicare an entitlement. According to a study from the Urban......  [read more]