Business

Google parent suffers 1Q growth slowdown, profit decline

Google's corporate parent on Tuesday posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror.

Consumer & Gadgets

Why is there no Uber for live music?

While digital platforms like Uber continue to proliferate and expand the gig economy into new sectors of work, some industries, such as live music, have structural features that keep them from adapting well to online platforms.

Automotive

Ukraine war slams brakes on European car sales

European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with shortages of semiconductors, industry data showed Wednesday.

Business

French court fines Deliveroo for 'undeclared labour'

A Paris court on Tuesday fined the British meal delivery group Deliveroo after ruling it was guilty of "undeclared labour" for using freelance riders who should have been classified as employees, depriving the state of millions ...

Business

Google touts stalled reconciliation package in energy agenda

Google and other companies will fail to meet ambitious climate targets unless legislation and regulations are quickly approved and imposed to ramp up demand for cleaner forms of energy, the tech giant said in a new policy ...

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Economy

An economy (or "the economy") is the realized economic system of a country or other area. It includes the production, exchange, distribution, and consumption of goods and services of that area. The study of different types and examples of economies is the subject of economic systems. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

Today the range of fields of study exploring, registering and describing the economy or a part of it, include social sciences such as economics, as well as branches of history (economic history) or geography (economic geography). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole, range from engineering to management and business administration to applied science to finance. All kind of professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving and investment are core variable components in the economy and determine market equilibrium. There are three main sectors of economic activity: primary, secondary and tertiary.

The word "economy" can be traced back to the Greek word "one who manages a household", derived from οἴκος, "house", and νέμω, "distribute (especially, manage)". From οἰκονόμος "of a household or family" but also senses such as "thrift", "direction", "administration", "arrangement", and "public revenue of a state". The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery. Economy is later recorded in other senses shared by οἰκονομία in Greek, including "thrift" and "administration". The most frequently used current sense, "the economic system of a country or an area", seems not to have developed until the 19th or 20th century.

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