Nearly 32% of Metro Miami's growth in 2011 was foreign-born, and more than half went on to become US citizens. While South Florida's population has been fairly stagnant for a decade, it's starting an unexpected shift upward, with Miami-Dade's population growing 2.1% in one year.
economy. 1  thrifty management; frugality in the expenditure or consumption of money, materials, etc. 2  an act or means of thrifty saving; a saving: He achieved a small economy by walking to work instead of taking a bus. 3  the management of the resources of a community, country, etc., especially with a view to its productivity.
economics is the study of the production, distribution and consumption of goods and services. It involves the allocation of productive resources and it is necessary because of scarcity. Scarcity is a relative term, and only means there is more demand than supply of a particular good or service.