Energy & Green Tech
Swansea University academics have pioneered a process that converts the carbon found in discarded facemasks to create high-quality single-walled carbon nanotubes (CNT) which were then used to make Ethernet cable with broadband ...
Oct 18, 2022
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Robotics
For years, the Stanford Biomechatronics Laboratory has captured imaginations with their exoskeleton emulators—lab-based robotic devices that help wearers walk and run faster, with less effort. Now, these researchers will ...
Oct 12, 2022
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Engineering
The City College of New York Grove School of Engineering today released a new report which examined advanced recycling. The report concluded that advanced recycling helps avoid climate impacts, reduces demand for energy resources, ...
Oct 12, 2022
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3
Business
United States labor officials proposed a rule change Tuesday that could make it easier for gig workers such as Uber drivers to be reclassified as employees entitled to benefits.
Oct 12, 2022
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8
Business
Samsung Electronics expects operating profits in the third quarter to fall 31.7 percent, the South Korean tech giant said in a statement Friday, after a global economic downturn hit demand for consumer electronics.
Oct 7, 2022
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8
Automotive
Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history.
Sep 29, 2022
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4
Automotive
Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history.
Sep 28, 2022
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3
Business
Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea's modest climate ...
Sep 15, 2022
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23
Business
The first major study of driving forces behind government funding of energy RD&D—and the public institutions generating it—over the 21st century shows that competition created by China's rise as a technology superpower ...
Sep 12, 2022
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44
Business
Every year, large corporations spend trillions of dollars on digital transformation projects designed to firmly embed digital technologies in their business operations. These technologies include predictive analytics and ...
Sep 7, 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
