United StatesCountry primarily in North AmericaThe United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic consisting of 50 states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean.
International Finance CorporationThe International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. It is a member of the World Bank Group and is headquartered in Washington, D.C.IFC is the largest global development institution focused exclusively on the private sector in emerging markets and developing economies.
EconomyAn economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources.
World Bank GroupThe World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. The group is the largest development bank in the world. It is headquartered in Washington, D.C., United States. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.
RegulationRegulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.
WorkforceIn macroeconomics, the workforce or labour force is the sum of people either working (i.e., the employed) or looking for work (i.e., the unemployed): Labour force=Employed+Unemployed{\displaystyle {\text{Labour force}}={\text{Employed}}+{\text{Unemployed}}}Those neither working in the marketplace nor looking for work are out of the labour force.
ChinaCountry in East AsiaChina, officially the People's Republic of China (PRC), is a country in East Asia. It is divided into 33 province-level divisions, including two special administrative regions. Beijing is the capital, while Shanghai is the most populous city by urban area. Its geography features the Central Plain, major rivers such as the Yangtze and Yellow River, deserts, subtropical and temperate forests, plateaus, and mountain ranges such as the Himalayas.
Profit (economics)In economics, profit is the difference between revenue that an economic entity has received from its outputs and total costs of its inputs, also known as "surplus value". It is equal to total revenue minus total cost, including both explicit and implicit costs. It is different from accounting profit, which only relates to the explicit costs that appear on a firm's financial statements.
GovernmentSystem or group governing an organized communityWorld's states colored by systems of government:Parliamentary systems: Head of government is elected or nominated by and accountable to the legislature. Constitutional monarchy with a ceremonial monarch Semi-constitutional monarchy: Monarch holds significant executive or legislative power but is still restricted by the constitution.
Developing countryNation with a relatively low living standardComparison of countries by their level of development (six criteria: HDI, WESP, WB, DAC, IMF, Paris Club) 4+ criteria 3 criteria 2 criteria 1 criterionWorld bank income groupsA developing country is a country with a less-developed industrial base and a lower Human Development Index (HDI) relative to developed countries. However, this definition is not universally agreed upon.CapitalismCapitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.
Nonprofit organizationA nonprofit organization (NPO), also spelled non-profit organisation in British English and known as a non-business entity, nonprofit institution, not-for-profit organization (NFPO), or simply nonprofit, is a non-governmental entity that operates for a collective, public, or social benefit, rather than to generate profit for private owners.*As an Amazon Associate I earn from qualifying purchases.