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November 16, 2007

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Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Current economic models developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences.

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tnership released its economic forecast for New England over the next few years.

In general, NEEP projects slower growth for New England than for the nation as a whole over the next four years. NEEP projects 2.2 percent annual growth in the region's economy through 2011, as compar

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