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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    Oil Dilemmas

    Mar 4, 11 • 371 Views • No Comments

    The good news? We are driving more again–more miles than any year since 2007. The bad news? We are driving more again–more miles than any year since 2007.. Here are the facts from a WSJ article. With the recession and higher gas prices,......  [read more]

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    What is Best For Growth?

    Mar 3, 11 • 280 Views • No Comments

    What if the Congress decides to slash spending by $60 billion right now? Prominent economists are again disagreeing. According to Stanford economist John Taylor, we would have a resurgence of business confidence, renewed investment spending and new jobs.......  [read more]

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    An Oil Surprise

    Feb 24, 11 • 391 Views • No Comments

    As the turmoil in the Middle East unfolds, if you want to sound knowledgeable about oil, you could just say $147, contango and floating storage. As you can see on this graph, it was mid-July, 2008, when the price of oil peaked at slightly more than $147 a......  [read more]

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    Paying Less For a House

    Feb 21, 11 • 391 Views • 1 Comment

    In an interesting Politico opinion column, journalist Michael Kinsley wonders why everyone seems to assume that climbing home prices are good. He points out that most people are happy when the prices of essentials like gas go down. So why the opposite for......  [read more]

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    Shrinking Packages

    Feb 17, 11 • 457 Views • 2 Comments

    Have you noticed that the 64-ounce Tropicana Orange Juice container now holds 59 ounces of juice? Or, that Scott Toilet Tissue is 104.8 sq. ft. instead of 115.2 sq. ft.? Other shrinking packages include… The 24-slice package of Kraft American Cheese has......  [read more]