An economy (from Greek οίκος – "household" and νέμoμαι – "manage") 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 (automation, accelerator of process, reduction of cost functions), innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) such as, that which produces intellectual property and changes in industrial relations (most notably child labor being replaced in some parts of the world with universal access to education). 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.
A market-based economy is one where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange with a credit or debit value accepted within the network, such as a unit of currency. A command-based economy is one where political agents directly control what is produced and how it is sold and distributed. A green economy is low-carbon, resource efficient and socially inclusive. In a green economy, growth in income and employment is driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services. A gig economy is one in which short-term jobs are assigned or chosen via online platforms and a programmable economy is the set of revolutionary changes taking place in the global economy due to technology innovations. New economy is a term referred to the whole emerging ecosystem where new standards and practices were introduced, usually as a result of technological innovations.
“Advising Tanzania's Presidential Planning Commission”
In recent years, our country has seen promising growth and development potential. However, like many nations, it grapples with challenges such as corruption, unstable governance, and insufficient investment in crucial sectors. Recognizing...
John Magufuli, the late president of Tanzania, made significant investments in the country's ports during his time in office. He saw ports as a key driver of economic growth and development, and he was determined to make Tanzania a regional trade and transport hub.
These investments have led to...
Sasa ni dhahiri, kuna International Economic Hit Men wako kazini.
Nyenzo yao kubwa ni rushwa ya kuifungamanisha nchi na wao , ili wazichote fedha bila kazi, bila jasho na kwa raha mustarehe.
Hili linaonekana hasa za kwetu nchi masikini, na inaelekea watazichota fedha nyingi sana kiulaini...
Hivi karibuni kumekuwa na taarifa zinazohusisha taasisi na watu maarufu duniani kuwa na mpango wa kupunguza idadi ya watu duniani. Miongoni mwa mambo hayo ni pamoja na Bill Gates kuelezwa kuandika katika mitandao wa kijamii akimshauri kiongozi wa World Economic Forums (WEF), Klaus Schwab juu ya...
Mnamo wa mwezi wa kwanza, tarehe 19, wanajamii wa WEF walikutana na kujadiliana mambo mengi kuhusu Dunia kiujumla.
Ila wakati mmoja, kuna mmojawao akatoa pendekezo la kupunguza watu duniani kuanzia mwaka 2023 angalau kwa asilimia 50.
Bill Gates tena amezua gumzo baada ya kuandika katika...
Nchi za ulaya mangaribi zinatumia western liberal model of development
Nchi za asia: south korea, Taiwan, Thailand, Singapore, na Malaysia zinatumia: developmental state model
US wanatumia command and market economic model
Sasa, naomba kuuliza kiungwana tu, Tanzania yetu na hasa serikali hii...
"Kukopa arusi kulipa matanga." "Uuzaji" wa bandari yetu si kwa sababu nyingine, si kwa sababu ya ufisadi au blah blah za kuongeza ufanisi. Ni sababu ya kuelemewa na madeni na hali ngumu ya uchumi iliyotukumba. Tunachekelea kuambiwa tunakopesheka na kuwa deni linahimilika. Yametufika. Ipo siku...
Upi ni mchango wa Mzee Xi Zhongxun( Baba wa Rais wa sasa wa China Xi Jinping ) katika uanzishwaji wa Special Economic Zones katika kukuza uchumi wa China?
Shenzhen, a miracle that began in 1980
Forty years after its establishment as China's first special economic zone, Shenzhen has emerged as...
Salaam wanajukwaa,
Hii nchi imejaa usanii mtupu vyuo vikuu vinacheza na serikali na donors hasa wadau wa maendeleo.
Mpwayungu aliwavagaa walimu leo imeenda huko vyuo vikuu wanatengeza mitaala kwa kukaa maofisini, wanabuni masomo kwa hisia zao kihuni tu, hawafuati hatua stahiki, malecturers...
Thanks God that all is well.
In fact our GDP is still very low and it is as 5 times lower that that of Washington DC not speaking about the whole country.
Even the low budget of roughly 3.3 trillion reflects the low GDP of this country. Now, contrary to what was expected jpm decided to launch...
Nashukuru sana Mungu watanzania kupata Rais bora Kama wewe. Kweli wakati wa Mungu ni wakati sahihi. Tunakuombea afya na kila jema katika uongozi wako usio na shaka wala Sonoma.
Daima Mungu akubariki uongozwe na busara katika kuwaletea maendeleo wananchi wako
Côte d’Ivoire was projected to be West Africa's fastest-growing economy this year at 5.7%, but Senegal is set to overtake it - expanding 4.8% this year before speeding up to 8% in 2023 and 10.5% in 2024. The forecast for Kenya, East Arica's largest economy, was kept the same at 5%.
Here are the...
August 31, 2022
The US has, in an effort to defund the WEF of American taxpayer funds, proposed a new bill called the Defund Davos Act.
EXPLOSIVE: Here’s what was uncovered in Hunter Biden’s iCloud Hack
MAJOR PEER REVIEWED STUDY: Moderna Vaccine Increases Myocarditis Risk By 44 Times In Young...
Contract: 2 year fixed term contract
Salary: Local Terms and Conditions apply
About the role
Sightsavers is growing its new programmatic area in economic empowerment which supports businesses to become successful employers of people with disabilities, and supports people with disabilities to...
Former Mufulira Member of Parliament EVANS CHIBANDA says the revamping of the Tanzania-Zambia Railways -TAZARA- will bring about economic growth for Zambia.
Dr. CHIBANDA further says actualising the agreements to expand the TAZAMA Pipeline following change in objectives from transportation of...
Habari za jioni wakuu.
Miaka miwili nyuma, Ghana ilikuwa nchi ya mfano katika ukuaji wa uchumi barani Afrika. Bin Vuu, 2022 Ghana ipo katika mgogoro mkubwa wa kiuchumi. Ghana inaelekea kwenye default. Ghana ipo katika njia ya Sri Lanka. Inaelekea kushindwa kulipa madeni yake inayodaiwa katika...
Tanzania avoided a recession in 2020, but the COVID-19 pandemic has significantly impacted lives and livelihoods across the country.
The emergency of the COVID-19 novel coronavirus plunged the global economy into a recession in 2020, and the pace of recovery remains uncertain among advanced and...
Fri 9:20 am +00:00, 20 May 2022
posted by Weaver
The World Economic Forum’s annual meeting in Davos, Switzerland is slated to have immense security measures for its elite participants, including 5,000 military personnel and a strictly enforced no-fly zone.
According to Reuters, for the...
Danish Refugee Council (DRC) is an international non-governmental organization that provides assistance and promotes durable solutions for refugees and internally displaced people, based on humanitarian principles and human rights.
Danish Refugee Council is a humanitarian actor in Tanzania...
Danish Refugee Council (DRC) is an international non-governmental organization that provides assistance and promotes durable solutions for refugees and internally displaced people, based on humanitarian principles and human rights.
Danish Refugee Council is a humanitarian actor in Tanzania...
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