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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    Fried Chicken Wings

    Jul 30, 11 • 661 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]

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    An Excellent Budget Plan

    Jul 29, 11 • 578 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]

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    The Power of the Market: Part 2

    Jul 28, 11 • 451 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]

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    Children and Wealth

    Jul 24, 11 • 608 Views • No Comments

    More wealth seems to mean fewer children. Look at a graph of fertility in the U.S from 1800-1990. The birth line plunges. Consider India, China, South Korea, Singapore. As per capita GDP rises, births plummet. See this gapminder graph for rich countries and......  [read more]

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    Vaccine Dilemmas

    Jul 22, 11 • 593 Views • No Comments

    Let’s try to make one federal budget decision. Who should receive the meningococcal vaccine? Debating the issue, we should be sure to remember pharmaceutical companies, the vaccine’s recipients, the cost of each shot, who gets the disease, the......  [read more]