Diseases, Conditions, Syndromes

China mourns virus dead as Americans told to wear masks

China paid homage Saturday to victims of the coronavirus in the place where the global pandemic began, as Americans were warned to wear masks amid fears the disease can be spread by breathing.

Diseases, Conditions, Syndromes

WHO, IMF say saving lives 'prerequisite' to save jobs

The WHO and IMF chiefs insisted Friday that saving lives was a "prerequisite" to saving livelihoods in the coronavirus pandemic—a crisis they called "one of humanity's darkest hours".

Diseases, Conditions, Syndromes

Global virus cases top a million, deaths surpass 50,000

The number of confirmed coronavirus cases around the world has soared past one million and fatalities have topped 50,000 as the United States reported the highest daily death toll of any country so far.

Diseases, Conditions, Syndromes

Coronavirus worst crisis since WWII, UN boss says as deaths surge

The global death toll from the coronavirus pandemic continued to worsen Wednesday despite unprecedented lockdowns, as the head of the United Nations sounded the alarm on what he said was humanity's worst crisis since World ...

Diseases, Conditions, Syndromes

Global virus deaths mount as US surpasses China's official toll

More than 40,000 people have been killed in the coronavirus pandemic as the disease barrels across the globe, with the US bracing for its darkest hours after its death toll surpassed China's on Tuesday.

Diseases, Conditions, Syndromes

Worldwide lockdown hardens as Spain sees deadliest day

Tightened lockdowns across the planet saw nearly half of humanity told to stay at home in a bid to stem the spiralling coronavirus pandemic, as Spain recorded its deadliest day Tuesday and the United States braced for the ...

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Economy

An economy (or "the economy") is the realized economic system of a country or other area. It includes the production, exchange, distribution, and consumption of goods and services of that area. The study of different types and examples of economies is the subject of economic systems. A given economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

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.

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

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