Alternative spellingsNounWikipedia has an article on: EconomySingular economy Plural economies economy (plural economies)
Derived termsterms derived from economyRelated termsterms related to economyFrom Wiktionary under the GNU Free Documentation License. An economy is the ways in which people use their environment to meet their material needs. It 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 English words "economy" and "economics" can be traced back to the Greek words οἰκονόμος "one who manages a household" (derived from οἴκος "house", and νέμω "distribute (especially, manage)"), οἰκονομία "household management", and οἰκονομικός "of a household or family". 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 more general senses 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. From Wikipedia under the
GNU Free Documentation License How has the economy affected the legal field? Q. I recently moved back home with plans on going to law school. Ideally, i'd like to work in "big law". I'm wondering how the economy has affected the legal field. Specifically, the big law firms in NY. Are recent graduates finding any jobs? I'm wondering because I wished I had gone straight into law school after graduating which means I would be graduating law school right now. Would I be screwed right now if I had done that? Asked by Gaetano - Mon Apr 27 14:13:15 2009 - - 3 Answers - 0 Comments A. The recession has had a substantial impact on the law industry in general and Big Law in particular. Several Big Law firms have already dissolved and many have implemented reductions in the number of their first year associate recruits, staggered or deferred first year associate start dates, or cancelled first year associate hires altogether and implemented hiring freezes for the same. In addition, many Big Law firms have had several rounds of attorney layoffs and implemented salary cuts, which when coupled with prior freezing of salaries are in excess of 10% at many of these firms. According to a recent ABA Law Journal article there will be approximately 43,000 law school students graduating into the job market this year to add to the… [cont.] Answered by Charis P - Mon Apr 27 15:00:22 2009 Suggestions on Improving the Economy of a Developing Country? Q. Need help on assignment. I already got ideas, but I need some suggestions on how to improve the economy of a country that high levels of poverty and crime. Asked by legendkiller0509 - Thu Oct 1 22:56:57 2009 - - 3 Answers - 0 Comments A. Simple, that would help developed country as well. Small Government, private business, less taxation, free market. Period. In a matter of decade or two your developing country or developed country will be one of the World leading economy. ;) Answered by Bugs Bunny - Thu Oct 1 23:06:12 2009 What does this fragile economy mean for my family and our 401K?
Q. I am a mother of 3 young boys. At present I am staying at home. My husband works and has a small, less than $10,000, 401k. Are we safe? What should we do to prepare ourselves to sustain the economy now and if it should worsen. Our home is paid for, we have very little credit card debt, and we have to car loans under 15,000 total on our family vechicles. Asked by Erin - Mon Sep 29 15:27:38 2008 - - 3 Answers - 0 Comments A. Most 401k's are invested in the stock market. In the short term, hopefully not long term, you are going to lose money. But, as you aren't supposed to touch that money for 30 years anyway, you should be fine by retirement. Just imagine if you were already retired and living on your distributions from your 401k, now that would be horrible. Hang on folks, it is going to be a bumpy ride. Oh yeah, buy food & stock water, we may really need it and food is the only thing going up in value. Answered by Gem - Mon Sep 29 15:57:34 2008 From Yahoo Answer Search: "economy"  news.google.com Washington Post For most of the past 70 years, the US economy has grown at a steady clip, generating perpetually higher incomes and wealth for American ... and more » news.google.com Daily Times BEIJING: China's economy is likely to grow 9.5 percent in 2010, topping last year's expected figure, as real estate investment buoys growth and inflation ... China economy to grow 9.5 percent in 2010-thinktank Reuters Taiwan's economy to show moderate growth in 2010 eTaiwan News all 37 news articles » news.google.com DeSoto Appeal He added that in this down economy , the smaller venue has also been a key factor to the center's recent popularity. "It is more affordable to book a ... From Google News Search: "economy"  mindfully.org 271px x 200px | 13.50kB [source page] especially get fewer miles per gallon than claimed We checked mpg for the Honda Accord Hybrid at right using fuel meter attached to a readout like the one below Bigger problems emerge when incorrect fuel economy numbers are used by Congress and the National Highway Traffic Safety Administration to set U S energy policy and enforce fuel economy  flightglobal.com 1333px x 2000px | 1400.00kB [source page] Airbus A380 Economy class  health-care-beauty.com 160px x 160px | 7.80kB [source page] Pampers Cruisers Size 3 Economy Pack 148 Cruisers List Price $34 99 Our Price $32 49 You Save $2 50 7 Availability Usually ships in 24 hours From Yahoo Image Search: "economy"  blogs.wsj.com unknown Fri, 01 Jan 2010 13:44:14 GM Ten questions Goldman Sachs chief economist Jan Hatzius says are looming over the . economy. , and his bottom line on each.  marketoracle.co.uk unknown hu, 31 Dec 2009 13:09:36 GM Why I am Bullish on India . Economy. and Stock Market 2010 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.  huffingtonpost.com Rachel Weiner Sun, 27 Dec 2009 17:28:58 GM Economist Paul Krugman said on Sunday that there's a "reasonably high chance" the . economy. will contract in the second half of next year. From Google Blog Search: "economy" Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold). This theme article needs cleanup. Please review , especially the , to determine how to edit this article to conform to a higher standard of article quality. This page has been listed as needing cleanup since 2006-11-28.ContentsSourced
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