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economy |
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economySet of interconnected activities concerned with the production, distribution, and consumption of goods and services. The contemporary economy is very complex and includes transactions ranging from the distribution and spending of children's pocket money to global-scale financial deals being conducted by multinational corporations. There are several different types of economy. An economy based on capitalism is one that is concerned with individual accumulation of material wealth; an economy based on socialism is concerned with the equal distribution of wealth throughout a community. |
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18 quoted Tuwaijri as saying the SEC opened new economic sectors for foreign investment in line with the king's reforms aimed at strengthening the economy, attracting more FDI and enhancing private sector participation. Under the System of National Accounts, which guides the collection and reporting of economic data around the world, these organizations are allocated among different economic sectors based on their principal source of income. Gulf News on July 3 quoted an Abu Dhabi-based economist as saying: "Economic growth, boosted by the remarkable growth in new and traditional economic sectors and the increase in international oil prices, is creating larger demand for goods and services than in the past; this additional demand has driven prices up". |
Economic sectors
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