when you need money

If you don't want to trade things all the time it is.

If you want to live life without running from one place to another wondering how you are going to eat, where you will sleep, and where you will lay your head at night, then money in necessary. therefore economics is science of wealth.

At some point in our lives, we all reach the point where we say “I need money”. If you’re at that point, here are some ideas on getting the money you need. I’ve compiled some of the most common solutions to the timeless “I need money” problem. Every pople are say that money problem. But not solved of the money?

Earn Money

Definition: Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most monies degrade in value over time through inflation or the overthrow of governments.

1. Antiques The buying and selling of antiques has been and should continue to be a very productive business, financially, for those that do it. Here, you only need an extra room in the house, or the use of your garage -- and you have an office!
If you have a large home that has some antique furnishings, you might consider turning it into a showroom for your antique acquisitions and sales, providing you satisfy any local zoning regulations. The interest in antiques will survive into the foreseeable future. Many people choose to spend their free time on the weekends "antiquating" from place to place to try and pick up a few odds or ends and maybe a jewel or two. If you know anything about antiques, this may be a great opportunity for you.
2. Baking
Have you ever been told that you have a recipe that people would line up to get if they could? Ever had anyone tell you that you should be selling those cupcakes you make?
There are a number of success stories about people who have launched successful businesses by cooking at home and then marketing to local people first. You may specialize in on just one well-tried and tested food product; or you may innovate on a product that you created yourself and which has never been marketed before. Having perfected the recipe you then turn to packaging and marketing. Word of mouth on a good product may start to get restaurants or bakeries interested in acquiring your culinary masterpieces. Then you progress to selling them statewide and you're on your way to a profitable home-based business.

3. Bed-and-Breakfast Proprietors Have you ever stayed in a bed and breakfast and thought, "Hey, I can do this!" You probably went on vacation and simply chalked your thought up as one of those pipedreams one gets when they stay in a beautiful spot.
Don't toss that thought away! While it's not easy work as the hours can be long and it's usually a seven days per week business, it's often something that you can work into a daily schedule. After all, it's merely an extension of doing the housework for family, right? More and more Americans are taking after Europeans and opening their homes to travelers.
If you have an extra room or two since the kids moved out, you can start a bed and breakfast in your own place! Bed and breakfast popularity will continue as more and more vacationers and business travelers seek a different accommodation away from the predictability of the average hotel room. If they enjoy their stay, many become "repeat" customers, coming back to the same familiar surroundings time and again.
If you don't need to do any major renovations in the house to accommodate this type of establishment, you can be off and running with very little money invested, other than advertising and some new "guest room supplies". If your dream is to buy a bed and breakfast somewhere in a vacation paradise, there are probably houses for sale that will work for this purpose.
4. Childcare
Due to the financial pressures faced by many families today, parents work outside of the home to bring in enough income to pay daily living expenses. A single parent is obviously working but all too often, both members of a two-parent family are in the workforce. This creates a home-based opportunity. Children must be watched, all day if they're not in school, or, otherwise, for a brief time after school before the parents finish work for the day. Most parents want their children immersed in a more stimulating environment than is usual with the average babysitter. You can begin small at home, offering a more stimulating and educational environment setting for client children.
Caring for one additional child may not be that lucrative, but taking care of several children can certainly be a full-time, financially successful business. Often, taking care of several children is made somewhat easier as the youngsters often will play together. You can do this at home for only a small investment in basic equipment and toys for the kids in addition to the advertising of your business.
5. Computer Specialist
The advent of the computer age has changed the concept of self-employment. Having a computer at home has opened a number of opportunities for running your own business utilizing this equipment. Companies everywhere are "outsourcing" work that can be done by someone else on their computer, out of their own home.
If you are a whiz in computers, you may end up working as a consultant, writing programs for companies. If you are a beginner, you may find yourself able to obtain work as a writer, using your computer to produce copy that is easy to edit. You can also keep accounting and payroll records for companies on your computer's database.
Word processing software can be used not only for writers but for those that can offer secretarial services out of their house. Desktop publishing software can allow you to do newsletters for businesses and other organizations. If you can operate a computer, you can find work in the information age today.
Of course, the advent of the Web has opened a lot of business apportunities for the enterprising individuals. If you have skills in lay-outing and graphic design, you can be a website designer. Website designers earn significant amounts of money nowadays.
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Writer Definition of Economic

Barbara Wotton has said that, "Whenever six economics are gathered there are seven opinions".

Jacob Viner, "Economics is what economists do".

J.R. Hicks, "An economy or economic system may be defined as the co-operation of prioducers and workers to make goods and services to satisfy the wants of consumers".

According to Edwin R.A. Seligman, "Economics has suffered more than any other discipline from the malaise of polemics about definition and method".

After the publication of Adam Smith's book.

"An Enquiry into the Nature and causes of wealth of Nations". in the year 1776 AD. Economics took the form of science.

Marshall's "Economics is an the one side a study of wealth and on the other and more important side a part of the study of man". in the year 1890 A.D. he published htis book entitled, 'principles of economics'. supported Marshall's difinition of Welfare.

Robbins "An Essay on the Nature and significance of Economic science." which was published in the year 1932 A.D.

Lionel Robbins published his book.

"Economics is a scince which studies human behaviour is a relationship between ends and scarce resources which have alternative uses".

Robbins definition is the last definition and there is no point debating about it. The definition of scarcity has given a clear view of the scope of economics.

Activities of Economics

Every human being is busy in doing some activities i.e. walking, talking, studying, working and so on. All these activities are directed towards satisfying human wants. All the activities in which we participate from morning till night are called 'human activities', some of these activities are undertaken to earn money but others are performed to derive personal satisfaction.

These activities are done to earn an income and to create wealth. for example. a manufacturer produces goods, a ratailer sells goods, a pricipal runs a school and a doctor runs a clinic to earn a living and to create wealth. Thus, the economic activities are directly related to money.

Therefore my visitors friends money is mostimportant of new generation. Money makes a life.

Difference between Micro and Macroeconomics:-

Difference between Microeconomics and Macroeconomics:-

Microeconomics:-

1) The tern "Micro" denotes small, so it deals with the behavior of individual unit.

2) It deals with individual output.

3) It studies the aggregates related to particular market or particular industries

4) It exmines how relative prices of products and factors are determined and how the resources are allocated on their basis.

5) It concerns with the development of particular industries and particular sectors.

6) Its objects it of studying the problems and policies concerning the optimum allocation the resources.

Macroeconomics:-

1) The 'macro' denotes large so it deals with the functioning of the economy as whole.

2) It concerns with aggregates of individual quantities, national income, general price level etc.

3) It studies aggregates related the entire economic sytem.

4) It concerns with the development of entire economic system as a whole.

5) It concerns with the development of entire economic system, which embraces all sectors.

6) Its objective is of studying the problems and policies relating employment and economic growth of resources.

difinition of economics

The term economic is derived from two Greek words 'Oikou' and 'Nomos meaning the rule or law of the household economics is a originally dealt with the way in which a prudent househlld might best make the most efficient use of the limited income. Ecomomics is a social science; it seeks to answer questions relating to the economic behavior of the people, the society, and the economy. Brief, economics studies the economic behavior of the people. Our activities to generale incom are termed as economic activities, which are responsible for the origin and development of economics as a subject.

The oredit of development of economics as a separate subject goes to the classical economist because before 18th century it was considered that econimics was a part of politics, ethics ets. classicists, for the first time defined economics and developed it as an independent and separate discipline. The effective brith of economics as a separate discipline may be braced back to the year 1776 A.D., when the scottish philosopher Adam Smith published 'An inquiry into the nature and causes of the wealth of nations.' There was, of course, economics before Adam Smith.
Nevertheless, Adam Smith wrote the first full-scale trcatise on economics and, by his magisterial in fluence founded what later generations were to call the "english school of classical political economy".

Oriental philosopher kautilya for the first time introduced the theory of economics as a pat of politics.

No on has ever succeeded in neatly efining the difinition and scope and economics. Economists used to say, with Alfred Marshall, the great English economist that economics is "a study of mankind in the ordinary business of life. It examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of welbeing"-ignoring the fact that sociologists, psychologists and anthropologists frequently study exactly the same phenomena. Another English economist, Lionel Robbins, has more recently defiend economics as "The science which studies human behavior as a relationship between ends and scarce means which have alternative uses" This definition-that economics is the science of economizing-captures ore of the striking characteristics of the economist's way of thinking but leaves out the macroeconomic approach to the subject is which is concerned with the economy as a whole.

"Economics is a science of wealth"

The cocept of economics as a different subject was first developed by the scottish philosopher and leader of the classical economists Adam Smith in his book, " An inquiry into the Nature and caused of the wealth of Nations." popularly knowns as, "The science of wealth." published in 1776. The title of Adam Smith's book was inselt a definition of economics.

The two different difinitions of economics

concept of Microeconomics and Macroeconomics

Microeconomics:-

Microeconomics is study of individual economic activities of economic agents

According to prof. K E Boulding, "Microeconomics is the study of the particular firms, particular householder, individual pries, wages, incomes, individual industries, particular commodities."

Microeconomics studies the economic action and behabior of individual units.

Microeconomics is also known as price theory of economics. The major subject areas of microeconomics are given below.

1) Allocation of Resources

2) Theory of Product Pricing

3) Theory of fector pricing

4) Theory economic welfare

Macroeconomics:-

It deals not with individual incoms but with the national income, not with the individual prices but with the general price levels, not with the individual output but with the national output.

oeconomics is study of economics activities of the economic agents as a whole.

According to K.E. Boulding, "Macroeconomics is that part of economics which studies the overall avereges and aggregatcs of the system." According to prof Ackley, "Maroeconomics deals with the economics affairs in large; it concerns the overall dimension of economic life, it studies the character of forest independently of trees which compose it."

In its recent survey of the 20th century, the Economist magazine used the Fraser Institute's Economic Freedom of the World index to enquire as to why some countries had done well while others have done poorly. In his presentation, Dr. Michael Walker will address a number of questions using the Freedom Index. What has happened to the level of economic freedom around the world during the last thirty years? What have been the consequences of this change? What can we learn from the experience of 123 countries about the best policy recipe for economic growth and human development? Do regions and countries have to choose between economic freedom and human development - what is the trade-off? What is the connection between economic freedom and political freedom? How does Hong Kong compare to other countries and what are the implications for the future of the SAR?
The Fraser Institue of Canada, in conjunction with the Cato Institute and the Hong Kong Center for Economic Research, released the Economic Freedom of the World: 2000 Annual Report in a press conference on January 11.
Dr Michael Walker, Executive Director of the Fraser Institue, Dr William Niskanen, President of Cato Institure, and Professor Y.C. Wong, Director of the Hong Kong Center for Economic Research presented the latest findings on economic freedom in the world, traced the development of the level of economic freedom around the world during the last thirty years, and discussed what can be learnt from the experience of 123 countries about the best policy recipe for economic growth and human development.
The Economic Freedom of the World: 2000 Annual Report was presented to the Chief Executive of the HKSAR Government, Mr Tung Chee Hwa.