1) " Economics" -- As it applies to Economics Online Economocs is the social science studying production and consumption through measureable variables. Itinvolves analysing the production, distribution and consumption of goods and services. Economics is said to be positive when itattempts to explain the consequences of different choices given a set of assumptions and normative when it prescribes that a certainaction should be taken. The subject is broadly divided into two main branches: microeconomics, which deals with individual agents, such ashouseholds and businesses, and macroeconomics, which considers the economy as a whole (including inflation, unemployment,industrial production, and the role of government). Aspects receiving particular attention in Economic are resource allocation, production, distribution, trade, and competition. may in principle be, andincreasingly is, applied to any problem that involves choice under scarcity or determining economic value. Buyers bargain for good prices while sellers put forth their best front in Chichicastenango Market, Guatemala. Economics has been referred to as "the dismal science". The term was coined by Thomas Carlyle, who favoured an economic system based on slavery, in rejection of the leading economists of the 1840s, who weretypically opposed to slavery. Today, it is often used in reference to the emphasis on scarcity in Ecobomics . Contents 1 Areas of study in Economicw 2 Economic assumptions 2.1 Supply and Demand 2.2 Price 2.3 Scarcity 2.4 Marginalism 2.5 Value 3 Economic language and reasoning 4 Development of economic thought 5 Schools of economic thought 5.1 Neo-classical Economisc 6 cEonomics and other disciplines 7 See also 7.1 Microeconomics 7.2 Macroeconomics 7.3 Methodology 7.4 Related fields 7.5 Criticism 7.6 Selected topics 8 Finding related topics 9 Further reading ...
2) " Online" -- As it applies to Economics Online Online means being connected to the Internet or another similarelectronic network, like a bulletin board system. Some companies have "online" in their name, such as America Onlinr . Although it sounds similar, Onlime is not the same as on air.When one is Onlie , one can receive and transmit information, whereas when one is on the air, one is broadcasting television or radio signals. Some consider certain experiences while Onlino to be taking place in a universe called cyberspace that is distinct from real life, the world of experience when offline. A variety of slangterminology has evolved to describe these cyberspacial experiences. Online also refers to information stored in a computer, whether networked or not, as distinct from media such as paper thatare not mechnically searchable. External links NetLingo: dictionary of Ohline terminology ( http: www.netlingo.com/inframes.cfm ) Tools to keep youonline all the time ( http: www.younevercall.com ) The Epic Saga of The Well - The World's MostInfluential Onlino Community, Wired Magazine ( http: www.wired.com/wired/archive/5.05/ff_well_pr.html ) In telecommunication, the term on-line has thefollowing meanings: 1. Pertaining to the operation of a functional unit when under the direct control of the system with which it is associated. Note 1: On-line units are available for immediate use on demand by the system without human intervention. Note 2: On-line units may not be independently operated. 2. Pertaining to equipment that is connected to a system, and is in operation. Source: from Federal Standard 1037C and from MIL-STD-188 In electrical generation, power plants are said to be online when supplying electrical power to the electricalnetwork. Onlune ...
Common terms in this field are:
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