Economic Assumptions

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Economic Entity - In accounting, an economic entity is one of the assumptions made in generally accepted accounting principles. Basically, any organization or unit in society can be an economic entity.

Neoclassical economics - Neoclassical economics refers to a general approach (a "metatheory") to economics based on supply and demand which depends on individuals (or any economic agent) operating rationally, each seeking to maximize their individual utility or profit by making choices based on available information. Mainstream economics is largely neoclassical in its assumptions.

National Economic Council - The National Economic Council (NEC) is a United States government agency in the Executive Office of the President. Created by President Bill Clinton in 1993 by Executive Order, its functions are to coordinate policy-making for domestic and international economic issues, coordinate economic policy advice for the President, ensure that policy decisions and programs are consistent with the President's economic goals, and monitor implementation of the President's economic policy agenda.

Economic Court of the Commonwealth of Independent States - The Economic Court of the Commonwealth of Independent States operates for the purposes of fulfilling economic obligations under the framework of the Commonwealth of Independent States. The mandate of the Economic Court includes the resolution of disputes arising during the implementation of economic obligations.


Suggested Web Sites

USDA: Economics, Statistics, and Market Information System - Gives projections of expected market growth based on current trends of economic development in the less developed countries. Charts compares forecasted exports to imports from the years and other financial indicators. Covers details on crops and livestock, as well as inherent assumptions in compiling the data.

Would Private Accounts Provide A Higher Rate Of Return Than Social Security? - Examines the economic analysis made by proponents of President Bush's privatization plan and finds several of Bush's assumptions and conclusions to be misleading or erroneous. From the Center on Budget and Policy Priorities.

AlterNet - Social Security Suicide - Casts a skeptical eye at the very assumptions made that Social Security is in deep trouble or needs to be severely changed.

Source: BazSites.com

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