Inside the race to train more workers in the chip-making capital of the world
Build the technology of the future. Protect the nation from attack. Buy a sports car.
Jun 10, 2024
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Electronics & Semiconductors
Build the technology of the future. Protect the nation from attack. Buy a sports car.
Jun 10, 2024
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Business
A majority of corporate executives across leading economies believe artificial intelligence will be a "game changer" for their industry but admit their leadership teams lack the knowledge to understand AI's risks and rewards, ...
Apr 5, 2024
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Consumer & Gadgets
Does the Chinese government have officials inside TikTok's parent company, ByteDance, pulling the strings? And does the storing of data from the popular social media app outside of China protect Americans?
Mar 18, 2024
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Energy & Green Tech
As NASA and Boeing enter the early stages of producing the X-66, the first X-plane specifically focused on helping the United States achieve net-zero aviation emissions by 2050, the team is already picturing what the aircraft ...
Mar 7, 2024
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Energy & Green Tech
Reuse and recycling are core elements of a sustainable approach to used lithium-ion batteries in Latin America. This is essential to conserve valuable resources and avoid climate-damaging greenhouse gas emissions. The application ...
Feb 28, 2024
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Energy & Green Tech
Trade barriers can slow the world's energy transition but commerce also needs to be fair, International Energy Agency chief Fatih Birol said Wednesday, as world powers tussle over the technologies key to fighting climate ...
Jan 17, 2024
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Business
More executives are feeling better about the global economy, but a growing number don't think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology ...
Jan 15, 2024
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Business
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.
Jan 15, 2024
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Engineering
Exploring advanced combustion mode with high efficiency and low emissions has been the dream of successive generations of researchers. Conventional diesel engines have high compression ratios thus with thermal efficiencies ...
Jan 11, 2024
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Energy & Green Tech
A roadmap to significantly reduce plastic waste in India has been released today, with CSIRO collaborating with The Energy and Resources Institute (TERI), the Council of Scientific and Industrial Research-National Environmental ...
Dec 7, 2023
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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.
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