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.
Economic systemAn economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within an economy. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept.
Work (human activity)Work or labor (labour in British English) refers to the intentional activities individuals engage in to meet their own needs and potentially wants, as well as those of others or organizations. In economics, work is understood as human labor that, alongside other factors of production, contributes to the creation of goods and services within an economy. Work or labor is a service in standard economic theory.
Production (economics)Process of using materials to produce something Production is the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output. Ideally, this output will be a good or service which has value and contributes to the utility of individuals.
TradeTrade is the act by which people swap something of value (such as products, resources, money) to obtain another valuable item. It involves the transfer of goods and services from one person or entity (seller) to another (buyer), often in exchange for money.
Consumption (economics)Consumption refers to the use of resources to fulfill present needs and desires. It is seen in contrast to investing, which is spending for acquisition of future income. Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently.
EarthThird planet from the SunSurface equivalent doserate0.274 μSv/hAbsolute magnitude (H)−3.99AtmosphereSurface pressure101.325 kPa (at sea level)Composition by volume78.084% nitrogen (dry air)20.946% oxygen (dry air)≤1% water vapor (variable)0.9340% argon0.0430% carbon dioxide0.00182% neon0.00052% helium0.00017% methane0.00011% krypton0.00006% hydrogen Source:Earth is the third planet from the Sun and the only astronomical object known to harbor life.
Goods and servicesGoods are items that are usually (but not always) tangible, such as pens or pears. Services are activities provided by other people, such as teachers or barbers. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade.
NationA nation is a type of social organization where a collective identity—a national identity—has emerged from a combination of shared features across a given population, such as language, history, ethnicity, culture, territory, and society. Some nations are constructed around ethnicity (see ethnic nationalism) while others are bound by political constitutions (see civic nationalism). A nation is generally more overtly political than an ethnic group.
EcologyEcology (from Ancient Greek οἶκος (oîkos) 'house' and -λογία (-logía) 'study of') is the natural science which studies the interactions between organisms and their environments. Ecology considers organisms at the community, ecosystem, and biosphere levels. Ecology overlaps with the sciences of biogeography, evolutionary biology, genetics, and ethology.
ManagementManagement (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or government bodies through business administration, nonprofit management, or the political science sub-field of public administration respectively. It is the process of managing the resources of businesses, governments, and other organizations.
GeographyCartographyComputer cartographyWeb mappingGeochronologyGeographic information systemDistributed GISInternet GISWeb GISGeologic modellingGeomathematicsGeostatisticsGeovisualizationGlobal Positioning SystemHydrographyMap algebraParticipant observationPhotogrammetryRemote SensingStatistical surveySurveyingLand change modelingEthnographyGeopoeticsInterview (research)Survey (human research)*As an Amazon Associate I earn from qualifying purchases.