New school year means new classes, and this year, I'm taking an economics
course. Based on a lot of city hall polls, Whyville citizens don't know
too much about the subject, so I figured I'd teach you a little.
First, what is economics? Webster's Dictionary (http://www.m-w.com) defines economics as
social science concerned chiefly with description and analysis of the
production, distribution, and consumption of goods and services." That sounds
quite confusing to me, so here's the simple definition: economics is the study
of how the people make money, and what people do with money. Sounds really
exciting, doesn't it? I'm sure you're asking what this has to do with you,
I'm sure at some point in your life, you've asked the question, "Why can't the
government just give everyone money?"