Economy

Economy

Reasearch by Arshin Yusef Zadeh

Contents

Definition 3

History 4

Ancient times

Middle ages

Early modern times

The industrial revolution

Communism and its view of capitalism

Postmodern economy

After World War II

Economic sectors 9

Economic measures 10

GDP

Informal economy 11

The largest economies by GDP (millions of USD) 12

The Role of Innovation in Economics 13

I. Knowledge, general trends, and market in the 21st free trade economy.

II. What are we talking about?

III. Strategy and Innovation

Conclusion: Ideas, Innovation, and value

Role of the Stock Market in the Economy 23

The Role of the Stock Exchange in the Economy 24

Economy

Definition

An economy consists of the realized economic system of a country or other area, the labor, capital and land resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of that area. 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, as main 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...