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- Term economy comes from a Greek word meaning to manage a householdOikos: Why Oikos?
- Largest economy, 2007: European UnionCIA World Fact Book: Rank Order - GDP (purchasing power parity)
- Smallest economy: New Zealand territory of TokelauCIA World Fact Book: Rank Order - GDP (purchasing power parity)
- United States rank, 2007:
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A society's economy is the system that governs how goods and services are produced and exchanged among members. Although the metrics used to describe an economy are calculated by using money, the economy of a country, region or locality, reflects the moral, cultural and political choices of that society.PARoss Services: More Than Money
Market Economy
A society that permits the principles of supply and demand to determine the production and pricing of goods and services, is said to have a market economy.Investopedia: Economics Basics: Demand and SupplyPlanned Economy
If the production, distribution and consumption of resources are centrally managed by a government or government agency, a society is said to have a planned economy.Mixed Economy
Most countries today have a mixed economy, where some aspects are managed by free market principles, and others have restrictions placed on them by the government. For example, a country may choose to centrally manage health care, while allowing consumer goods to be governed by market forces.-
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Economy Questions
Why did Taiwan move from hyperinflation to a stable economy? 1 AnswerI would advise you to read this site it will give you all the answers to your questions. Most of your questions ask on mahalo deserve detail precise answers and... read more
What is causing Africas economy growth? 1 AnswerThe main causes are: Oil, Mining and Tourism. But the African economic growth is projected to decline by 50% in 2009 due to the current global financial crisis... read more
How did Deng Xiaoping reforms in China transform the economy into a free market economy? 1 AnswerThese are the economic reforms of Deng Xiaoping that helps transform China's economy into a free market economy: 1. He launched the market-oriented economic ref... read more
How long do you think it will be until the economy turns around? 2 AnswersVery complicated question. First, understand anything impacting the economy will take 6-12 months to actually effect people. I will wager my prediction some... read more
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RT @EarthPassion: Hydrogen-economy on the way? New hydrogen-storage method discovered http://trigeia.us/?lLKZ8
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RT @Jeff_groSolar: Why is China pumping huge amounts into wind, solar, and electric vehicles? Fight GW? Economy? Security? Or maybe Q sh ...
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I feel like the economy is killing me. Ack!
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The Worst Social Media Mistake | The Relationship Economy......: the worse mistake people and organization make.. http://bit.ly/8MRoRq
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