Sentence examples for understanding of basic economics from inspiring English sources

Saltsman added that an understanding of basic economics allows Congress to understand what is at stake in policy debates.

One is an apparent lack of understanding of basic economics: when aggregate demand is already so weak, it does further damage to consumer confidence if the prime minister tells people to cut up their credit cards.

The U-turn comes a week after the shadow chancellor, Ed Balls, taunted Osborne for lacking an understanding of "basic economics" when the scheme was launched earlier this year.

But then, these officials wouldn't be in the position to cause such harm if the Bush Administration had had a better understanding of basic economics.

Neal Wolin, Deputy Secretary of the U.S. Department of the Treasury, notes, "The government is moving forward with financial reform and strong protection for consumers, but we must also do a better job of making sure our high school students graduate with a better understanding of basic economics, basic finance and the benefits and risks associated with debt".

These unpleasant consequences don't surprise anyone with a grasp of basic economics.

It's a matter of basic economics.

Bailey also points to the question of basic economics.

" He goes on: "The deficits are huge, the pressure from the market is high, the lack of economical culture [i.e., an understanding of basic market economics] among the population is appalling, the expectations are enormous".

Agreements are often drawn up by lawyers with little understanding of business or basic economics, he says.

In today's world, it is impossible to understand the modern and complex financial system without understanding basic economics and finance (Sukumaran 2015).