An economy is a set of human and social activities and institutions related to the production, distribution, exchange and consumption of goods and services. In economics, economic output is divided into goods and services. ...

Examples of economies: the economy of Ireland, the World economy, the underground economy. The Economy of the Republic of Ireland is modern, relatively small, and trade-dependent with growth averaging a robust 10% in 1995–2000. ... This article needs to be updated. ... This box:  • • The underground economy or shadow economy consists of all commerce that is not taxed. ...

Main traits

• The main people and organizations involved in economic activities are: firms, workers, investors, consumers, States...
• An economy works in the frame of an economic system.
• The way it works (for example how the allocation of scarce resources is done) is studied by a social science: economics
• Economies demonstrate a degree of adaptive capacity giving resilience in the face of major perturbations, which helps minimise loss of function when beset by rapid social or economic change.

Economy redirects here. ... The social sciences are groups of academic disciplines that study the human aspects of the world. ... Face-to-face trading interactions among on the New York Stock Exchange trading floor In the social sciences, economics is the study of human choice behavior and how it effects the production, distribution, and consumption of scarce resources. ... For the band see Resilience (band) Resilience generally means the ability to recover from (or to resist being affected by) some shock, insult, or disturbance. ... Perturbation is a term used in astronomy to describe alterations to an objects orbit caused by gravitational interactions with other bodies. ... Look up Function in Wiktionary, the free dictionary. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

Sectorial evolution

The economy evolved in successive phases.

• The ancient economy was mainly based on subsistence farming.
• The industrial revolution lessened the role of subsistence farming, converting it to more extensive and monocultural forms of agriculture in the last three centuries. There is a growth in mining, construction and manufacturing industries.
• In modern consumer societies' economies there is a growing part played by services, finance, technology... (knowledge economy)

The balance between those various economic sectors (also called industries) differs largely between the various regions of the world The following is a list of subsistence techniques: Hunting and Gathering, also known as Foraging freeganism involves gathering of discarded food in the context of an urban environment gleaning involves the gathering of food that traditional farmers have left behind in their fields Cultivation Horticulture - plant cultivation, based on the... A Watt steam engine in Madrid. ... The following is a list of subsistence techniques: Hunting and Gathering, also known as Foraging freeganism involves gathering of discarded food in the context of an urban environment gleaning involves the gathering of food that traditional farmers have left behind in their fields Cultivation Horticulture - plant cultivation, based on the... Extensive farming (as opposed to Intensive farming) is an agricultural production system over a vast area of land, such as the Great Plains. ... Monoculture describes systems that have very low diversity. ... A knowledge economy or a knowledged-based economy is a phrase that refers to the use of knowledge to produce economic benefits. ...

GDP

The GDP - Gross domestic product of a country measures the size of its Economy.

See also

Primary sector of industry, Secondary sector of industry, Tertiary sector of industry, Quaternary sector of industry, Ecological Economics This article or section does not cite its references or sources. ... This box:  • • The secondary sector of industry includes those economic sectors that create a finished, useable product: manufacturing and construction. ... Economies The tertiary sector of industry (also known as the service sector or the service industry) is one of the three main industrial categories of a developed Economic economy, the others being the secondary industry (manufacturing), and primary industry (extraction such as mining, agriculture and fishing). ... This box:  • • The Quaternary sector of industry is the sector of industry that involves the intellectual services. ... Ecological economics is a branch of economics that addresses the interdependence and co-evolution between human economies and natural ecosystems. ...