Bitcoin tops $25,000 to hit eight-month high
Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators.
Feb 16, 2023
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Business
Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators.
Feb 16, 2023
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Energy & Green Tech
Scientists at the State University of Campinas (UNICAMP) and the Federal University of the ABC (UFABC) in São Paulo state, Brazil, have successfully produced biogas from apple pomace, the pulpy residue remaining after the ...
Feb 9, 2023
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Business
Investment in the hydrogen economy is accelerating at unprecedented rates, but a large misalignment between industry and community is holding Australia back from effective adoption.
Feb 3, 2023
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Energy & Green Tech
By 2050, the Netherlands should have a circular economy. However, the new Integral Circular Economy Report by the Netherlands Environmental Assessment Agency (PBL) shows that there is still a long way to go. For the report, ...
Feb 2, 2023
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Business
Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.
Jan 31, 2023
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Energy & Green Tech
Maritime transport has become central to international trade and the world economy. It is estimated that 90,000 marine vessels are used to transport 90% of goods carried by sea. As these vessels consume fossil fuels like ...
Jan 19, 2023
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Business
A new supply chain shortage is on the horizon, and it impacts the international effort to curb global warming.
Jan 16, 2023
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Energy & Green Tech
Researchers have developed a system that can transform plastic waste and greenhouse gases into sustainable fuels and other valuable products—using just the energy from the sun.
Jan 9, 2023
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Business
Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown.
Jan 4, 2023
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Business
The fortunes of Silicon Valley billionaires took a beating in 2022 as share prices of the world's tech giants plummeted.
Dec 29, 2022
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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.
This text uses material from Wikipedia, licensed under CC BY-SA