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economic analysis

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1) "Economic" -- As to economic analysis eco·nom·ic Pronunciation: "e-k&-'nä-mik, "E-k&- Function: adjective 1 archaic : of or relating to a household or its management 2 : ECONOMICAL 2 3 a : of or relating to economics <economic theories> b : of, relating to, or based on the production, distribution, and consumption of goods and services <economic growth> c : of or relating to an economy <a group of economic advisers> 4 : having practical or industrial significance or uses : affecting material resources 5 : PROFITABLE Pronunciation Symbols Editing of this article by unregistered or newly registered users is currently disabled. Such users may discuss changes, request unprotection, log in, or create an account. Face-to-face trading interactions on the New York Stock Exchange trading floor

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Economics is the social science that studies the production, distribution, and consumption of goods and services. The word 'economics' is from the Greek for οἶκος (oikos: house) and νόμος (nomos: custom or law), hence "rules of the house(hold)."

Many different definitions have been applied to economics: one source describes it as "the study of how the forces of supply and demand allocate scarce resources."^[1] Professor Victor Lima of the University of Chicago, on the other hand, used the more concise statement "economics is what economists do."^[2]

Although discussions about production and distribution have a long history, economics in its modern sense is conventionally dated from the publication of Adam Smith's The Wealth of Nations in 1776. There Smith defines the subject in practical terms:

Political economy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to supply a plentiful revenue or product for the people, or, more properly, to enable them to provide such a revenue or subsistence for themselves; and secondly, to supply the state or commonwealth with a revenue sufficient for the public services. It proposes to enrich both the people and the sovereign.

Smith referred to the subject as 'political economy', but that term was gradually replaced by 'economics' after 1870.

A definition that captures much of modern economics is that of Lionel Robbins in..."

2) "Analysis" -- As to economic analysis

Analysis may refer to:

• Analytical chemistry, to examine material samples to gain an understanding of their chemical composition
• Isotope analysis, the identification of isotopic signature, the distribution of certain stable isotopes and chemical elements within chemical compounds
• Neutron activation analysis, a technique used to very accurately determine the concentrations of elements in a sample

• Analysis of algorithms
• Competitive analysis (online algorithm), shows how online algorithms perform and demonstrates the power of randomization in algorithms
• Worst-case execution time, determines the longest time that a piece of software can take to run
• Program analysis (computer science), the process of automatically analyzing the behavior of computer programs
• Static code analysis, the analysis of computer software that is performed without actually executing programs built from that software
• Syntax analysis, a process in compilers that recognizes the structure of programming languages, also known as parsing
• Semantic analysis (computer science), a pass by a compiler that adds semantical inf..."
  

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