Lipsey, Illinois

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Lipsey, Illinois
Unincorporated community
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Lipsey, Illinois
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Lipsey, Illinois
Coordinates: 39°29′29″N88°25′04″W / 39.49139°N 88.41778°W / 39.49139; -88.41778 Coordinates: 39°29′29″N88°25′04″W / 39.49139°N 88.41778°W / 39.49139; -88.41778
Country United States
State Illinois
County Coles
Elevation 715 ft (218 m)
Time zone Central (CST) (UTC-6)
 • Summer (DST) CDT (UTC-5)
Area code(s) 217
GNIS feature ID 422915 [1]

Lipsey is an unincorporated community in Coles County, Illinois, United States. Lipsey is located along Illinois Route 121 near the western border of Mattoon.

Coles County, Illinois County in the United States

Coles County is a county located in the U.S. state of Illinois. As of the 2010 census, the population was 53,873. Its county seat is Charleston, which is also the home of Eastern Illinois University.

Illinois State of the United States of America

Illinois is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross domestic product (GDP), the sixth largest population, and the 25th largest land area of all U.S. states. Illinois is often noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, and natural resources such as coal, timber, and petroleum in the south, Illinois has a diverse economic base, and is a major transportation hub. Chicagoland, Chicago's metropolitan area, encompasses over 65% of the state's population. The Port of Chicago connects the state to international ports via two main routes: from the Great Lakes, via the Saint Lawrence Seaway, to the Atlantic Ocean and from the Great Lakes to the Mississippi River, via the Illinois Waterway to the Illinois River. The Mississippi River, the Ohio River, and the Wabash River form parts of the boundaries of Illinois. For decades, Chicago's O'Hare International Airport has been ranked as one of the world's busiest airports. Illinois has long had a reputation as a bellwether both in social and cultural terms and, through the 1980s, in politics.

Illinois Route 121 (IL 121) is a 109.48-mile-long (176.19 km) major state highway in the central part of the U.S. state of Illinois. Although it travels from northwest to southeast, it is marked as a north–south highway. It travels from IL 130 in Greenup to Interstate 55 (I-55) in Lincoln at the interchange of I-55 and IL 10.

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Richard George Lipsey, is a Canadian academic and economist. He is best known for his work on the economics of the second-best, a theory that demonstrated that piecemeal establishing of individual first best conditions would not necessarily raise welfare in a situation in which all first best conditions could not be satisfied, an article that he co-authored with Kelvin Lancaster, a mathematical economist of high standing. He is currently Professor Emeritus of Economics at Simon Fraser University.

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In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit. Normal profit is the profit that is necessary to just cover the opportunity costs of the owner-manager or of the firm's investors. In the absence of this profit, these parties would withdraw their time and funds from the firm and use them to better advantage elsewhere. In contrast, economic profit, sometimes called excess profit, is profit in excess of what is required to cover the opportunity costs.

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David Lipsey, Baron Lipsey British peer

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Lipsey is a surname. Notable people with the surname include:

The Information Committee is a select committee of the House of Lords appointed to consider its information and communications services, including the House of Lords Library and the Parliamentary Archives subject to the strategic and financial framework set out by the House Committee.

Charlene Lipsey is an American middle-distance runner who specializes in the 800 metres. She competed in the women's 800 metres at the 2017 World Championships in Athletics.

References

  1. ↑ "US Board on Geographic Names". United States Geological Survey. 2007-10-25. Retrieved 2008-01-31.


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