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LSDefine

Simple English definitions for legal terms

economy

Read a random definition: quot generationes tot gradus

A quick definition of economy:

Economy: The way a group of people manage and use their money and resources. It's like how you manage your allowance or savings. It's important to be efficient and not waste things. Sometimes, when a country buys and sells things with other countries, they try to make sure they are buying and selling the same amount of money's worth. There are also people who do things with money that they don't tell the government about, and that's called the shadow or underground economy.

A more thorough explanation:

Definition: The management or administration of the wealth and resources of a community (such as a city, state, or country). It also refers to the sociopolitical organization of a community's wealth and resources. Additionally, it can mean restrained, thrifty, or sparing use of resources; efficiency.

  • Balanced economy: An economy in which the monetary values of imports and exports are equal.
  • Overheated economy: An economy that, although it has a high level of economic activity, has the capacity to cause interest rates and inflation to rise.
  • Political economy: A social science dealing with the economic problems of government and the relationship between political policies and economic processes.

These examples illustrate the different aspects of the definition of economy. A balanced economy is one where the value of what a country imports is equal to what it exports. An overheated economy is one where there is a lot of economic activity, but it can lead to inflation and higher interest rates. Political economy is a field of study that looks at how government policies affect the economy and vice versa.

economist | economy of scale

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windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
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