Gig economy workers say they can no longer survive
Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable.
Dec 16, 2020
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Business
Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable.
Dec 16, 2020
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Energy & Green Tech
There are plenty of obstacles standing in the way of developing the first zero-emission, hydrogen-powered plane. It's tricky to safely store and use the highly combustible fuel. There aren't any airports equipped to refuel ...
Dec 7, 2020
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Security
Cybercrime is expected to cost the global economy more than $1 trillion this year, up more than 50 percent since 2018, a research report said Monday.
Dec 7, 2020
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Machine learning & AI
Spain is to invest 600 million euros (725 million dollars) in developing artificial intelligence over the next two years as part of plans to transform its national economy, the premier said Wednesday.
Dec 2, 2020
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Business
The EU on Wednesday unveiled proposals for rules covering the transfer of valuable data as it aims to create an innovation hub on a par with the US and China.
Nov 25, 2020
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Machine learning & AI
Saudi Arabia announced Thursday it will invest $20 billion in artificial intelligence projects by 2030, as the oil-rich country seeks to diversify its economy amid slumping crude prices.
Nov 19, 2020
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Business
The EU's efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday.
Nov 19, 2020
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Energy & Green Tech
Japanese engineering giant Toshiba will not build any more coal-fired power plants and will shift to renewable energy in a bid to reduce greenhouse emissions, the company's president said Wednesday.
Nov 11, 2020
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Energy & Green Tech
The Scottish city of Aberdeen enjoyed a boom after the discovery of oil in the North Sea in the 1960s, propelling it to a central role in the industry.
Nov 10, 2020
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Business
A victory for the "gig economy" in California is likely to echo across the US, in a boon for app-based services while igniting fear that big business is rewriting labor laws.
Nov 8, 2020
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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