Newark Liberty International Airport (IATA: EWR, ICAO: KEWR), formerly known as Newark International Airport, is an international airport within the city limits of both Newark and Elizabeth, New Jersey, United States. It is about 15 miles (24km) south west of Midtown Manhattan.
Dealing with finances is a key element of home economics. Understanding concepts such as debt, credit, loaning, interest rates and so on are important to having a healthy economic home. Life skills such as making a budget, keeping financial records and making frugal purchasing choices are all part of this subject area.
Since goods do not stay in the possession of one person but are constantly created and consumed, the system by which goods move is very important to all consumers. There are two extremes of economic systems: Planned Economies and Market Economies. Although a topic in macroeconomics, a quick overview of these two terms is helpful in understanding the bigger picture behind microeconomics.