ANOM sting is landmark in tech race against crime: expert
The global police sting against organised crime revealed on Tuesday will prove a landmark in the technological arms race with the underworld, an industry expert said.
Jun 8, 2021
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Security
The global police sting against organised crime revealed on Tuesday will prove a landmark in the technological arms race with the underworld, an industry expert said.
Jun 8, 2021
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Business
France and Germany pushed for a "historic" agreement among major economies on a minimum tax rate for multinational corporations Wednesday, hoping to shore up support after sceptical European countries expressed opposition ...
May 27, 2021
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Automotive
The price of gasoline is up more than a dollar on average in the last 12 months, according to the U.S. Energy Information Administration. Used car prices are also up nearly 25%, partly due to a lack of inventory on the used ...
May 26, 2021
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Business
A landmark report released last week put coal and gas on notice. For the first time, the International Energy Agency (IEA) declared reaching net-zero emissions by 2050 means no new investments in fossil fuel supply projects.
May 26, 2021
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Engineering
From 2016 to 2020 around 100 million people have moved from the countryside to China's cities. This massive migration to cities means wastewater treatment plant numbers have multiplied to meet demand. At the beginning of ...
May 20, 2021
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Hardware
A British-US company announced Friday that it would invest up to 3.5 billion euros to build a massive data centre in Portugal by 2025 in response to demand for trans-Atlantic connections.
Apr 23, 2021
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Business
A longtime lightning rod for critics of corporate tax avoidance, Amazon now wants to lead the way on reform.
Apr 8, 2021
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Business
Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.
Apr 7, 2021
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Business
US ride-hailing giant Uber has granted its drivers workers' rights for the first time ever in a major U-turn in the UK.
Mar 17, 2021
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Business
US ride-hailing giant Uber's decision to grant its UK drivers worker status won praise in Britain on Wednesday and raised hopes it could transform the gig economy, but it was met with scepticism elsewhere in Europe.
Mar 17, 2021
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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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