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economy |
Also found in: Dictionary/thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia | 0.06 sec. |
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The first issue includes stories on efficiencies in operational procedures, economies of scale, purchasing machinery, resource distraction value, industry consolidation and relationships with consumer products companies. Rouse will now dominate the market and will achieve economies of scale in leasing and operations. Dissimilar businesses may be a unitary business group if they are sufficiently linked together by common managerial resources that generate economies of scale and transfers of value that collectively benefit the corporate affiliates. |
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