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Economics (2)
ECONOMICS (2)

Definition: The way in which money influences, or is organized within an area of business or society: the science of household management (obsolete).
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* All nine elements would be in.


1. Purposeful, as determined by the financial managers, controllers, directors, etc. but, within the confines of the law.

2. Considered necessary to control and/or regulate business or society through particular means of using money.

3. Wealth or pool of funds created comes from opportunities (= needs, requests, etc.).

4. Allocation of resources (= money) to each area - prioritized or not - goes with the responsibilities (= tasks, functions, etc.).

5. Regulations, rules, etc. exists and these are constantly and periodically monitored, enforced, assessed, reviewed, etc. by qualified cognate professionals. That is, no illegality is condoned in the process of managing money.

6. Results of outputs and investigations determine redistribution, reallocation, etc., as applicable, whenever necessary.

7. Growth and progress is rewarded with the intention of sustaining same and decline or decrease is sanctioned with the purpose of curtailing losses.

8. Relationship that is influenced or organized is sustained for duration desired (connect to #5 & #6).

9. No lack, wastage, excesses, shortages or shortfalls arise from the relationship style (the way money is organized).
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SENSIBLE ... BASED ON ECONOMIES OF SCALES AND REALITIES.




Quote: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design". - Friedrich Hayek.

Quote: "The secret of living well and longer is: eat half, walk double, laugh triple and love without measure". - Tibetan Proverb.

Quote: "Central Bankers read election returns, not Balance Sheets". - Robert Z. Aliber.

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