What's happening with the UK economy?

Economy The

Economy. (a) The optimum use of resources, so that a given amount yields the maximum satisfaction or a given amount of satisfaction is derived from the smallest possible amount: the total amount of satisfaction is the largest possible when a given amount of resources is applied to several uses in such proportions that the loss of utility following the withdrawal of a marginal unit of resources is the same in all uses. (b) The economic system of an area, region or country. Find out more.

See: Capital Stock

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Further reading UKEconomic - UKEconomic News


Since then his writings have in turn been increasingly reinterpreted as a special case both by some followers and by some economists who had not wholly accepted his writings. The content of economics is in a state of change, and this consumeraffairs.org.uk site is therefore not a final statement of economic doctrine.

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