Government vs Economics - What's the difference?
government | economics |
The body with the power to make and/or enforce laws to control a country, land area, people or organization.
*{{quote-magazine, date=2013-07-06, volume=408, issue=8843, page=68, magazine=(The Economist)
, title= The relationship between a word and its dependents
A group of people who hold a monopoly on the legitimate use of force in a given territory.
The state and its administration viewed as the ruling political power.
*{{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=76, magazine=(The Economist)
, title= (lb) The management or control of a system.
:
The tenure of a chief of state.
(social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.
* {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
, title=
As a noun government
is the body with the power to make and/or enforce laws to control a country, land area, people or organization.As an adjective economics is
.government
English
Alternative forms
* (nonstandard) , (l), (l)Noun
The rise of smart beta, passage=Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government -bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return.}}
Snakes and ladders, passage=Risk is everywhere. From tabloid headlines insisting that coffee causes cancer (yesterday, of course, it cured it) to stern government warnings about alcohol and driving, the world is teeming with goblins.}}
Derived terms
* big government * branch of government * close enough for government work * federal government * government agent * government bond * government-censored * government cheese * government debt * government house * government issue * government man * government note * government purchases * government security * government stroke * government wharf * governmental * governmentese * governmentwide * head of government * in government * local government * military government * minority government * municipal government * non-government * parliamentary government * petticoat government * puppet government * representative government * seat of government * self-government * shadow government * unitary governmentUsage notes
In the United States, "government" is considered to be divided into three branches; the legislature (the House of Representatives and the Senate) which makes law, the Administration (under the President) which runs sections of government within the law, and the Courts, which adjudicate on matters of the law. This is a much wider meaning of "government" than exists in other countries where the term "government" means the ruling political force of the prime minister and his/her cabinet ministers (what Americans would call the Administration). In Britain, the administrative organs of the nation are collectively referred to as "the state". In Canada government'' is used in both senses and neither ''state'' nor ''administration are used. Applied to many countries in continental Europe (when using English), the British usage is common.See also
*Statistics
*economics
English
(wikipedia economics)Alternative forms
* (archaic)Noun
(-)Boundary problems, passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too.}}