Decarbonization scenario model analyzes ambitious pathways to net-zero carbon emissions
While the world would love to have a quick fix, there is no one specific pathway to stop or slow the rate of climate change.
Apr 16, 2024
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Business
While the world would love to have a quick fix, there is no one specific pathway to stop or slow the rate of climate change.
Apr 16, 2024
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Security
The results of the Lehigh Business Supply Chain Risk Management Index for the second quarter of 2024 show cybersecurity is the biggest risk on supply chain managers' minds for the fifth straight quarter, increasing more than ...
Apr 1, 2024
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Engineering
There was no time to waste as researchers trawled through skip bins across Melbourne construction sites, capturing hundreds of photos of materials destined for landfill.
Mar 21, 2024
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Energy & Green Tech
The energy transition is progressing, and photovoltaics (PV) is playing a key role in this. Enormous capacities are to be added over the next few decades. Experts expect several tens of terawatts by the middle of the century. ...
Mar 7, 2024
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Internet
Web3 represents the next evolutionary phase of the internet, emphasizing decentralization and user empowerment. It is built on blockchain technology, aiming to transform the digital landscape by offering enhanced data ownership, ...
Mar 4, 2024
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Energy & Green Tech
Southwest Research Institute has developed a natural-gas-fueled medium-duty truck outfitted with a hybrid powertrain that achieved a 25% reduction in greenhouse gas emissions (GHG) over standard diesel powertrains. The vehicle ...
Mar 4, 2024
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Energy & Green Tech
Thermal decomposition is helping to green two major EU manufacturing industries.
Jan 30, 2024
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Energy & Green Tech
Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday.
Jan 24, 2024
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Business
The City of Los Angeles' plan to rely entirely on renewable electricity sources by 2035 won't have a significant effect on the local economy, according to new research from the USC Sol Price School of Public Policy.
Jan 16, 2024
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24
Internet
ChatGPT maker OpenAI has said it will introduce tools to combat disinformation ahead of the dozens of elections this year in countries that are home to half the world's population.
Jan 16, 2024
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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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