Uber loses French case, driver declared employee
France's top civil court dealt ride-hailing giant Uber a setback on Wednesday with a key ruling that it had effectively employed one of its drivers.
Mar 4, 2020
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Business
France's top civil court dealt ride-hailing giant Uber a setback on Wednesday with a key ruling that it had effectively employed one of its drivers.
Mar 4, 2020
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Business
Taiwanese tech giant and iPhone assembler Foxconn said Tuesday its Chinese factories are operating at 50 percent of seasonal capacity and are expecting to take a hit for the current quarter due to the coronavirus outbreak.
Mar 3, 2020
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Business
The world is coming to a standstill as the new coronavirus spreads: schools have closed in Japan, rallies are banned in Switzerland and flights are canceled worldwide.
Feb 29, 2020
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Business
Air New Zealand on Wednesday announced a proposal to put beds in economy-class, which it claimed could prove a "game changer" for passengers desperate to stretch out on long-haul flights.
Feb 26, 2020
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Energy & Green Tech
Circular economy can utilise surplus wind power to improve profitability of the entire energy system. This was demonstrated by VTT's new modelling tool that was used to calculate the effects of circular economy in the Åland ...
Feb 5, 2020
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Internet
The digital economy has been getting a lot of attention, with increasingly strong headlines offering apocalyptic as well as breathtakingly exciting scenarios. Some warn of job losses due to automation, some wonder at the ...
Jan 24, 2020
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Energy & Green Tech
The day Youngstown's steel mills began shutting down 40 years ago remains fresh in the minds of those who live in the blue-collar corner of Ohio. Community leaders don't want the recent closing of General Motors' massive ...
Dec 25, 2019
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Automotive
Hybrids have evolved in recent years, moving on from the original Toyota Prius to a new crop of efficient crossover SUVs. These larger utility-focused vehicles combine green technology with the space and capability that today's ...
Dec 18, 2019
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Energy & Green Tech
PV systems continue expanding faster than any other renewable energy source thanks to their ability to harvest sustainable, clean and low-cost energy from the sun. Newly installed PV capacities in Europe grew by 31 % year-on-year ...
Dec 11, 2019
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Hi Tech & Innovation
In 2020, will the wow factor return to consumer hardware? Will blockchain and 5G punch into the mainstream? Or will the world unify against Big Tech's privacy-busting, tax-avoiding practices?
Dec 5, 2019
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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