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UN Sustainable Development Goals

GOAL 8: Decent Work and Economic Growth


An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain. Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology, innovation such as, that which produces intellectual property and changes in industrial relations. A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of human practices and transactions. It does not stand alone.

From Wikipedia

Organizations relating to Economy

Council of Cooperation in Economy of the Baltic States / Est. 1990
African Institute for Higher Technical Training and Research / Est. 1979
Centre for Global Problems of World Economy and International Economic Relations, Sofia
International Bureau of Economy and Work
Social Economy Europe / Brussels, Belgium / Est. 2000
European Network of the Alternative Economy of Solidarity / Est. 1992
Centre for Research into Communist Economies
International Partnership for Hydrogen and Fuel Cells in the Economy / Berlin, Germany / Est. 2003
International Institute of Human Economy / Est. 1941
Sociedad Internacional de Gestión y Economia Fuzzy / Reus, Spain / Est. 1993
Advertising Business Group / Dubai, United Arab Emirates / Est. 1991
OIKOS International Foundation for Ecological Economics / Est. 1991
Living Economy Network / Est. 1989
International Union of Free Economy
Centre on World Economy Studies / Est. 1979
Intergovernmental Group on Wine and Vine Products / Est. 1968
Global Labour Institute / Carouge, Switzerland / Est. 1997
Commission on Multilateral Cooperation of Academies of Sciences of Socialist Countries - Economy and Politics of Developing Countries / Est. 1974
European Senior Service Network
International Executive Service Corps / Washington DC, USA / Est. 1964
Internacia Komerca kaj Ekonomia Fakgrupo / Bruges, Belgium / Est. 1985
European Academy for the Environment and Economy / Est. 1992
World Economy Research Association / Est. 1954
World Economy, Ecology and Development / Berlin, Germany / Est. 1990
International Institute of Islamic Banking and Economy

View all profiles (179 total) in the Yearbook of International Organizations

World Problems relating to Economy

From the Encyclopedia of World Problems and Human Potential

Excessive government intervention in the private sector
Rural poverty
Global economic stagnation
Economic inflation
Destruction of rural subsistence economy
Structural rigidity in national economies
War-time disruption of economies and production facilities
Vulnerability of economies to import penetration
Inadequate domestic savings
Improper financing of political parties
Von Economo's disease
Instability of the world economy
Elitist control of global economy
Underground economy
Imbalance in world food economy
Monopoly of the economy by corporations
Structural imbalances among and within the three largest market economies
Failure of centrally planned economies
Financial instability of national economies
Low complementarity of national economies
Unprotected vulnerable economies
Incompetent household management
Undiversified national economies

Action Strategies relating to Economy

From the Encyclopedia of World Problems and Human Potential

Renewing local economy
Capturing environmental value
Shifting from materials-intensive growth in developed countries
Revitalizing rural subsistence economy
Developing rural economy
Preserving rural subsistence economy
Studying social reform
Developing electronic commerce
Employing local exchange and trading LETS systems
Challenging globalization
Liberalizing trade
Facilitating economic structural adjustment
Reinvesting military capacity in civil goals
Facilitating transition to market economies
Forming transnational economy
Keeping pace with globalizing economy
Stabilizing the world economy
Articulating development policies for resource-based economies
Exposing elitist control of global economy
Expanding world economy
Strengthening national economies
Protesting lack of integration of environmental and economic issues
Integrating international economy
Undermining economies of scale
Researching women's role in the economy

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