Economics is the social science that studies the production, distribution, trade, and consumption of goods and services. Economics uses a mix of psychology, mathematics, experiment, and analysis to predict and understand economies.



People With More Money Save More Fact

On average, those with more money save more, in both the short-term and long-term, while those with less money spend more and extend themselves on credit.


Velocity of Money Explained

Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.





Money Can Buy Happiness Fact

Money can buy happiness in some ways, and cause unhappiness in others, studies have shown that different types of wealth and income affect happiness and unhappiness in a variety of ways.