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An economy is the realized social system of production, exchange, distribution, and consumption of goods and services of a country or other area. A given economy is the end result of a process that involves its technological evolution, civilization's history and social organization, as well as its geography, resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

The word "economy" can be traced back to the Greek word "one who manages a household", derived from ?????, "house", and ??µ?, "distribute (especially, manage)". From ??????µ?? "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 ??????µ?a in Greek, 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.

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.

Economy Subcategories Economy Articles The Household Gateway to the Internet by Michael Frost Dec 29, 2008 Most U.S. adults find Internet access essential to daily life in today's economic climate, with some choosing it as a must-have over watching TV and other household pleasures. 65 percent of adults feel they cannot live without Internet acces... As Real As It Gets by Virgil Oxley Dec 16, 2008 Should there be any doubt in your mind as to the reality of the global economic meltdown, the facts are clear—this is as real as it gets. Between the subprime mortgage market collapse, the $700 billion bailout of Wall Street, the impending bankruptcy... Where to find the right real estate deals in a bad economy by Wildfire Marketing Group Content Development Team Dec 10, 2008 Now that the real estate bubble has popped and the market seems to be near to the bottom, investors are starting to get back into the market. Many of these investors have been involved in real estate for quite some time and have an vast network of co... Release Brakes - How to Break the Fear Barrier in Business by Waldo Waldman Dec 08, 2008 As I write this article at my favorite Starbucks, I can't help but hear the conversation next to me. A middle-aged woman is having a coffee meeting with a peer discussing job opportunities, the market, and their personal networks. It's obvious that s... Day-To-Day Economy; Do We Really Need To Know About It? by Amanda Hash Dec 08, 2008 If you are not the typical millionaire heir, whose millions came from “above”, it is essential to be well informed about the current happenings of the economy. Everybody must earn a living, whether it is through sales, business transactions or workin... Auto Forex Trading - How to Profit in a Bad Economy With Forex Auto Trading by Curtis Curtis Nov 21, 2008 There are only a few ways to profit in this bad economy with investments. In fact, it is recommended even by CNBC's Jim Cramer that traders stay out of the stock market right now. This is why you see the huge tumble in stock prices. There is, however... Benefits of an offshore company in Puerto Rico by Edward Ducoin Nov 21, 2008 Puerto Rico is an unincorporated territory of the US. A company can enjoy the benefits and protections of operating within a US jurisdiction with the added tax benefits of operating as a foreign corporation. The combination of cash grants, financia... Global Economy Helps the Entrepreneur by Edward Trees Nov 18, 2008 If you are concerned about the economy and your financial future, you are not alone. The world economy connects us all, regardless of where we live, where we shop and who we work for. When this global economy blooms, we all potentially benefit. Bu... Commercial Banks Facing Real Hard Time as World Economy Tumults by Sourav Sharma Nov 17, 2008 As the commercial banks are fighting for survival, the economic situation is getting worsened with every passing hour. As revealed by stock news India, the depletion of stock values, fund values, bankruptcy and disastrous closing prices have left eve...