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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. 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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Raised in unrivalled prosperity, we inherit an economy that is still the world's strongest, but is weakened by business failures, stagnant wages, increasing inequality, and deep divisions among OUR OWN people. This economy enabled him to buy a satisfactory decision when the cause of the quarrel was submitted to arbitration. Pardon me, sire, it was I who had the honor of giving monsieur le cardinal the idea of an economy which puts three hundred thousand francs a year into your majesty's coffers. |
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economy
