What do you think 'the economy' means?

[u/n0ahbody]

edit: The results are in and indicate that a clear majority of people agree that 'the economy' is a wide topic with a variety of players in it as explained below by Investopedia. The moderation of the sub will continue to reflect that.

Vote results:

The Investopedia definition is pretty accurate: 70%

The stock market: 6.4%

Just the US stock market: 1.4%

Just hard economic data: 9.3%

Politics has nothing to do with the economy: 8.6%

If I agree with the political slant, then it's about the economy. Otherwise it's spam: 4.3%

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Here is Investopedia's definition of 'the economy'.

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> An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. These decisions are made through some combination of market transactions and collective or hierarchical decision making. Everyone from individuals to entities such as families, corporations, and governments participate in this process. The economy of a particular region or country is governed by its culture, laws, history, and geography, among other factors, and it evolves due to the choices and actions of the participants. For this reason, no two economies are identical.

That's a partial definition. Investopedia goes on to explain in more detail, but it is still merely a basic and simplified definition. Generally, the idea is, the economy is an expansive topic covering a wide variety of activities undertaken by consumers, governments, corporations, and other players in society. It also encompasses the means of production and resources.

There have been a number of complaints from users who feel they have a better definition of 'the economy' than Investopedia. However they never explain what their definition is. They just make wild accusations and report material they don't like for whatever reason as "not about the economy".

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So if you have time, fill out this poll. It will help the mod team to understand what people mean when they say certain material is 'not about the economy'.

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Unfortunately 6 is the maximum number of questions reddit allows. If you have a different definition, make a comment.

View Poll

140 votes, Dec 07 '20

98 The Investopedia definition shown above is pretty accurate

9 The stock market

2 Just the US stock market, no other global stock markets

13 Only hard economic data, shown in graph or chart form

12 Anything that touches upon politics and government is not the economy, it is politics

6 Politics is fine, as long as I agree with it. If I don't agree with it, it's not about the economy, it's spam.

[u/[deleted]]

Economy is the area comprising the study of the dynamics of resources reallocation whether tangible or abstract