Economic health indicator is the unemployment rate.

Most people who are not working are not counted as unemployment. When you are not the unemployment, that mean that the bureau of Labour statistic doesn't count you, in this situation your have to find a job, so you are a seeking for work.

Another thing that macroeconomics measure is the inflation rate, which appear when the overall price level in the economy rises and it is usually measured by consumer price index. Most economics says that the best inflation rate is when is hit to 2%.

Economy Up or Down?

How to tell if econom is up or down?
Economists have many different types of measuring economic performance which allow as to make historical and international comparisions. In this dayd any of them are perfect, so each must be examined carefully. However there are 3 main ways of measuring e.g. unemployment, inflation and GDP- gross domestic product.
One of the most popular of this three is GDP, which is in the market a value of all final goods and services produced in the economy over a special periodof time, thats mean one year. The gross domestic product does not conut everything which was bought and sold. The GDP statistic compare from country to country , because prices are different from one place to another one and year to year.

The interesting thing is that the USA has got the highest avarage income per persone in the world.

The ecnomy has got lots of ups and downs. Good example of this one, could be a recession, which we can define by a period in which the real GDP falls its can be defined also as - two consetiutive quartes of negative economics growth.

There is a rule of 72, which is the mathematical regularity that when we would divide this number by a growth rate it would be equal to the approximate number of years that it takes something to double.

What economists know about Economics policy

Firstly, we have to start by describing what is Economics and Economics policy. Then we will be able to talk about this.

Economics is the study of how to allocate scarce resources in the most effective way, among alternative uses. Economics policy is formed of fiscal policy(tax and government spending) and monetary policy(interest rates).It begins with the concept of scarcity, which exists whenever your wants or desires exceed your resources or what is available to you. The problem is that the choices involve trade-offs. Then the cost of something is the opportunity cost- next best alternative foregone.

When people make a decision, they think and compare the value of something and the benefit which they will have if they buy it. If they think that the expected benefits are greater than the expected costs, they do it. If it is the opposite, they don't do it.

Most the decisions are made on the margin. This means, they think about whether one should do a little more or a little less of something. We make them all the time. We decide to do more of something when we can get more benefit from it (that's depend).

The interesting thing is with temperature. Most people do not heat their homes as high as 70 degrees. There we can see the opportunity cost. If there is more warmth, they would probably have to spent less money for something else.

The quantity that you desire to buy at each price defines your demand curve- more people want to buy a product when the price of this good is lower, and desire to buy less when is dear.

Each person's demand depends on their budget, ability to pay and willingness to have the good.

If the market is competitive, the price will settle at an equilibrium level where the supply curve and the demand curve intersect.

There are many reasons why market can fail to achieve efficiency e.g. the market can be competitive, there is not an equilibrium etc. The government can change things to make it better, but that does not means that he will do so.

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gobbledygook

Polish newspaper

During the year, precisely in April 2010, price of houses in UK increased into 10,5%. In April there was a growth by 1%% and houses hit the average price of F 167,802. The reason why this situation is like this is because that people whose want to buy a house for the first time, have to pay 25 % of deposit. There is possibility that in future the price and percentages would equalize.

TAYLOR

He was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era. He traited people like machine and because of it he used to say that for high profit staff need good equipment, training, peac rate and organisation.

MAYO

He created Hawthorne effect. It is a beneficial impact on staff workrate and moral on a active,personal interest being shown by management. It comes from Mayos resarches into work place bahavior at a factory at Hawthorne, USA between 19271932.

He was attempting to measure the impact on productivity of improving the lighting conditions within the factory. He followed Taylors scientific principles by testing the changes against a control, a section of the factory with unchanged lighting. Although productivity rose where the lighting was improved, Mayo was suprised to find a similar benefit changes had taken place.