The Electron Economy Part III: The Challenge of Mobile Energy Storage …
Economy
An economy is the realized system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.
The composition of a given economy is inseparable from technological evolution, civilization’s history and social organization, as well as from Earth’s geography and ecology, e.g. ecoregions which represent different agricultural and resource extraction opportunities, among other factors. Economy refers also to the measure of how a country or region is progressing in terms of product. The word “economy” can be traced back to the Greek word οικονομία, “one who manages a household”, derived from οικος, “house”, and νέμω, “distribute (especially, manage)”. From οικονόμος was derived οικονομία, which had not only the sense “management of a household or family” but also senses such as “thrift”, “direction”, “administration”, “arrangement”, and “public revenue of a state”. 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 other senses shared by οικονομία in Greek, including “thrift” and “administration”. What is probably 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.
The economy includes several sectors (also called industries), that evolved in successive phases.
The ancient economy was mainly based on subsistence farming. For most people the exchange of goods occurred through social relationships. There were also traders who bartered in the marketplaces. In Ancient Greece, when the word ‘economy’ arose, many people were bond slaves of the freeholders. Economic discussion was driven by scarcity. Aristotle (384-322 B.C.) was the first to differentiate between a use value and an exchange value of goods. (Politics, Book I). The exchange ratio he defined was not only the expression of the value of goods but of the relations between the people involved in trade. For most of the time in history economy therefore stood in opposition to institutions with fixed exchange ratios as reign, state, religion, culture and tradition.
Related Information
| Dollar Declines on Concern U.S. Economy Entering a Recession > |
|
March 10 (Bloomberg) — The dollar fell toward a record low against the euro and the lowest in eight years versus the yen on speculation U.S. retail sales and consumer confidence report will add to signs the economy is on the verge of a recession.> |
| Dollar Declines on Concern U.S. Economy Entering a Recession > |
|
March 10 (Bloomberg) — The dollar fell toward a record low against the euro and the lowest in eight years versus the yen on speculation U.S. reports this week will add to signs the economy is on the verge of entering a recession.> |
Related Blogs
A really good blogger came up with a great post today. You should really check this site out, here’s what they said:
… Ulf Bossel’s Electron Economy concept and the … Joel Makower - Two Steps forward. Peak Oil Explained. Theme: Ambiru by Phu. Blog at WordPress.com. …
Research more about this from here
Leave a Reply
You must be logged in to post a comment.