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Welcome to the 1520 Perfect Dictionary

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Economy (1)
ECONOMY (1) Definition: (often - the economy) The relationship between production, trade and the supply of money in a particular country or region. ______________________________________________________________________ * All twenty elements should be in. * Hey, it's rightly about everything. 1. Purposeful and necessary to establish and sustain relationship. 2. Organized. That is, country or region has institutions and agencies responsible for the specifics in the system. In other words, there are organs for collating data, conducting research, regulating activities, etc. 3. Has an effective public sector and a vibrant private sector. 4. Has linkages with other economies: trade blocks, regional cooperatives, neighbouring countries, etc. 5. Its signs and indicators are always positive for imports, balance of trade, gross domestic product, stock market figures, etc. That is, the relationship is not under-performing. 6. Stable and balanced in respect of policies (= tax regime, etc.). currency or currencies (= exchange rates, etc.), international obligations (= politics, memorandum of understanding, etc.). 7. Driven by principle and ideology, not politics! That is, there would be a certainty in terms of the type of economic system in place in the country or region, be it planned, controlled, market, command, etc., etc. (Connect to #5 & #6, to emphasize.) ______________ SOLID ... Quotation: "There can be no economy where there is no efficiency". - Beaconsfield. 8. Provides employment and investment opportunities for the citizens or residents. That is, empowers the people in the area. 9. Its managers (= economists, bankers, accountants, etc.) are tested and patriotic or loyal professionals. 10. Grows or growing. That is, developing, even if not rapidly, but not in 'numbers only' - on paper - not 'providing' jobless growth! And best if the sectors and industries are private-sector driven. _________________ BOUYANT ... Quote: "Nothing is cheap which is superfluous, for what one does not need, is dear at a penny". - Plutarch. 11. Diversified and multifaceted, even if it is mono-product based. That is, it has manufacturing, industrial, commercial, service, etc. sectors. 12. Its operations are all guided by laws! That is, no part in the chain is engaged in criminal, illegal or unauthorized activities that may affect its relationship with the trading partners. In other words, system has stringent sanctions, that are applied, in case of infractions. 13. Not shaky, weak or unpredictable. That is, very resilient; no likelihood of its crash or collapse. In other words, strong and without vulnerabilities (connect to #14). 14. Monitored regularly, constantly and thoroughly to help country or region avoid 'black holes' (= recession, setbacks, decline, decay, etc.). 15. Labour, environmental, eco and investor-friendly. That is, its production and manufacturing process will be excellent, with appropriate quality control, best practices, etc. 16. Real or realistic. That is, the dynamics of the interplay of production and marketing forces (= trade and supply of money) present in the situation are not indefensible, at least in theory. That is, relationship is sensible. 17. Relationship exists for duration planned and serves purpose(s) as exactly hoped for. ___________ ROBUST. Quote: "Without economy none can be rich, and with it few will be poor". - Samuel Johnson. 18. Needs not be reformed, however structured. (Connect to #19.) 19. (Reserved.) (Provides for all who are qualified, able or capable.) 20. Does not defy time-tested economic theories and principles. _______________________________________________________ * NOT MORIBUND (RESILIENT) ! NOT VOODOO (STRONG) !! Quote: "The safest way to double your money is to fold it over once and put in in your pocket". - Kim Hubbard.

1520 Products
1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way.
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