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.
It is the most basic concept in economics, and is more of a solid fact than any abstraction. Simply put, the world has limited means to meet unlimited wants, so there is always a choice to be made. For example, there is only so much wheat grown every year.