Part 5: Management of a Commercial Society

Nations often establish rules and guidelines that help to determine the supply and availability of economic currency (money).

The financial system uses the base money to generate "deposit money," sometimes called "inside money," through a process of fractional reserve banking.

Economic indicators tell us what the economy is up to, and what direction it is likely to take in the future. 

Gross Domestic Product (GDP) is a broad measure of economic activity that is commonly used to gauge the economic performance of a whole country or region, and to make international comparisons.

The unemployment rate, as officially measured, is a ratio of the number of unemployed individuals by all individuals currently in the labor force. The labor force is the number of people eligible for work.

A price level is an overall measurement of the prices of goods and services in an economy at a particular time. This measure allows us to monitor trends and changes that affect prices in general.

 Fiscal policy is the use of government spending and taxation to influence the economy.

Monetary policy is the means through which a government, typically through a central bank, influences a nation's money supply. 

The people who administer the rule of law are regular human beings with the same issues, desires, and motivations as everyone else.