Thursday, December 9, 2010

Economics


© 2011 by Mrs. Juli Iles 

ec·o·nom·ics

[ek-uh-nom-iks, ee-kuh-] 
noun
1.
used with a singular verb the science that deals with theproduction, distribution, and consumption of goods andservices, or the material welfare of humankind.
2.
used with a plural verb financial considerations;economically  significant aspects: What are the economics ofsuch a project?


Source: Dictionary.com

My Definition of Economics:

 Economics is using the money or talents that God has given me to the best of my ability. I should do my best not to waste or to spend my resources on things that are unnecessary or excessive. I should do my best to grow my money by investing in assets or ventures that will give me a higher return than the amount used. I should not fear the future, for God will watch over my land from the beginning of the year even unto the end. I should be wise in preparing for the future such as the ant (storing up for the winter AKA hard times). I must guard my time so that it should be of the most benefit to me and my family. God will give me the power to get wealth, but it WILL take some effort on my part. 
© 2011 by Mrs. Juli Iles

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