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Economy - it's so common, capacious and mnogopriznachnoe notion that define its one phrase or a single sign is almost impossible. Infants knowledge

The name of "economy" comes from the Greek words oikos (house, farm) and nomos (law), which literally means the art of managing a household.

In our time the concept of "economy" has undergone substantial changes.

Under the current economy means:

a) set of production relations historically determined mode of production or economic base of society (the economy of capitalism, etc.); wall scones

b) the national economy as a whole, including industry and types of production (the economy of Belarus, etc.); where can i find castile soap

c) The branch of science that studies the functional or sectoral aspects of economic relations (Agricultural Economics etc.).

The economy is not only a force field for professional economists. In everyday life, it involves all members of society. In a modern market economy must be an economist each. This is due to the need in any case take into account the cost-benefit ratio, which gives the economic aspect of any form of human activity.

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