description::
· the-system of a-society that manages its satisfiers.
[hmnSgm-{2020-09-02}]
· the-economy is the-society from a-satisfier's view.
[hmnSgm.{2020-12-21}]
· The-economy contains ALL the-organizations (the-households, the-companies and the-state) of a-society, but see only the-production and consumption of satisfiers among them.
[hmnSgm-{2015-09-18}]
name::
* McsEngl.filMcsEconHmn.last.html!⇒Socecon,
* McsEngl.dirStn/filMcsEconHmn.last.html!⇒Socecon,
* McsEngl.Socecon,
* McsEngl.Socnode.satisfiers!⇒Socecon,
* McsEngl.SocndSfrs!⇒Socecon,
* McsEngl.economic-system-of-society!⇒Socecon,
* McsEngl.economy!⇒Socecon,
* McsEngl.Socecon'(human-economy)!⇒Socecon,
* McsEngl.human-economy!⇒Socecon,
* McsEngl.nodeSocSatisfier!⇒Socecon,
* McsEngl.node.society.economy!⇒Socecon,
* McsEngl.satisfiers-system!⇒Socecon,
* McsEngl.society'03_satisfiers-node!⇒Socecon,
* McsEngl.society'att007-satisfiers-system!⇒Socecon,
* McsEngl.society'economy!⇒Socecon,
* McsEngl.society'satisfiers-node!⇒Socecon,
* McsEngl.society'satisfiers-system!⇒Socecon,
* McsEngl.sysSatisfiers!⇒Socecon,
* McsEngl.sysSfrs!⇒Socecon,
* nodeSatisfier!⇒Socecon, {2020-10-23},
* nodeSatisfier'(human-economy)!⇒Socecon,
descriptionLong::
"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'.[1] 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.
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 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.[2] A gig economy is one in which short-term jobs are assigned or chosen via online platforms.[3] 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."
[{2020-09-02} https://en.wikipedia.org/wiki/Economy]
description::
· any subsystem of economy.
name::
* McsEngl.Socecon'01_node,
* McsEngl.Socecon'att005-node,
* McsEngl.Socecon'node,
description::
· the-node with the-producing-satisfiers-nodes.
name::
* McsEngl.Socecon'04_production-node!⇒sysProduction,
* McsEngl.Socecon'att004-production-node!⇒sysProduction,
* McsEngl.Socecon'production-node!⇒sysProduction,
* McsEngl.nodeProduction!⇒sysProduction,
* McsEngl.production-node--of-economy!⇒sysProduction,
* McsEngl.sysProduction,
description::
· the-consuming subsystem of the-economy.
name::
* McsEngl.consumption-node--of-economy!⇒sysConsumption,
* McsEngl.Socecon'05_consumption-node!⇒sysConsumption,
* McsEngl.Socecon'att006-consumption-node!⇒sysConsumption,
* McsEngl.Socecon'consumption-node!⇒sysConsumption,
* McsEngl.Socecon'node.consumption!⇒sysConsumption,
* McsEngl.household-node--of-society!⇒sysConsumption,
* McsEngl.nodeConsumption!⇒sysConsumption,
* McsEngl.nodeHousehold!⇒sysConsumption,
* McsEngl.society'att018-household-node!⇒sysConsumption,
* McsEngl.society'household-node!⇒sysConsumption,
* McsEngl.society'node.household!⇒sysConsumption,
* McsEngl.sysConsumption,
description::
· any measuring subsystem of Socenon (ozn, sectors, nodes, Socecon).
name::
* McsEngl.accounting-node--of-economy,
* McsEngl.Socecon'06_accounting-node,
* McsEngl.Socecon'att007-accounting-node,
* McsEngl.Socecon'accounting-node,
description::
· the-conceptual-model that describes the-accounting-node-of-an-economy.
name::
* McsEngl.accounting-conceptual-model--of-economy!⇒McaccgEcon,
* McsEngl.Socecon'accounting-conceptual-model!⇒McaccgEcon,
* McsEngl.modelConceptualAccountingEconomy!⇒McaccgEcon,
* McsEngl.system-of-national-accounts!⇒McaccgEcon,
description::
"The System of National Accounts (SNA) is the internationally agreed standard set of recommendations on how to compile measures of economic activity. The SNA describes a coherent, consistent and integrated set of macroeconomic accounts in the context of a set of internationally agreed concepts, definitions, classifications and accounting rules.
In addition, the SNA provides an overview of economic processes, recording how production is distributed among consumers, businesses, government and foreign nations. It shows how income originating in production, modified by taxes and transfers, flows to these groups and how they allocate these flows to consumption, saving and investment. Consequently, the national accounts are one of the building blocks of macroeconomic statistics forming a basis for economic analysis and policy formulation.
The SNA is intended for use by all countries, having been designed to accommodate the needs of countries at different stages of economic development. It also provides an overarching framework for standards in other domains of economic statistics, facilitating the integration of these statistical systems to achieve consistency with the national accounts"
[{2020-11-07} https://unstats.un.org/unsd/nationalaccount/sna.asp]
name::
* McsEngl.McaccgEcon.Sna!⇒Sna,
* McsEngl.Sna,
* McsEngl.Sna'(System-of-National-Accounts)!⇒Sna,
* McsEngl.System-of-National-Accounts-(Sna)!⇒Sna,
* McsEngl.Unsna!⇒Sna,
description::
* https://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf,
* https://unstats.un.org/unsd/nationalaccount/,
* https://en.wikipedia.org/wiki/System_of_National_Accounts,
* histroric-verstions: https://unstats.un.org/unsd/nationalaccount/hsna.asp,
name::
* McsEngl.Sna'evoluting,
{2008}-Sna-version::
* McsEngl.{2008}-Sna-version,
"The 2008 SNA, which is an update of the 1993 SNA, addresses issues brought about by changes in the economic environment, advances in methodological research and the needs of users."
[https://unstats.un.org/unsd/nationalaccount/hsna.asp]
{1993}-Sna-version::
* McsEngl.{1993}-Sna-version,
"The 1993 SNA represents a major advance in national accounting and embodies the result of harmonizing the SNA and other international statistical standards more completely than in previous versions."
[https://unstats.un.org/unsd/nationalaccount/hsna.asp]
{1968}-Sna-version::
* McsEngl.{1968}-Sna-version,
"The 1968 SNA extended the scope of the national accounts substantially by; adding input-output accounts and balance sheets; giving more attention to estimates at constant prices; and making a comprehensive effort to bring the SNA and the Material Product System (MPS) closer together."
[https://unstats.un.org/unsd/nationalaccount/hsna.asp]
{1953}-Sna-version::
* McsEngl.{1953}-Sna-version,
"The 1953 SNA was published under the auspices of the UNSC. It consisted of a set of six standard accounts and a set of 12 standard tables presenting detail and alternative classifications of the flows in the economy. The concepts and definitions of the accounts were widely applicable for most countries, including developing countries. Two slightly modified editions of the 1953 SNA were published."
[https://unstats.un.org/unsd/nationalaccount/hsna.asp]
description::
"The 2008 SNA, which is an update of the 1993 SNA, addresses issues brought about by changes in the economic environment, advances in methodological research and the needs of users."
[https://unstats.un.org/unsd/nationalaccount/hsna.asp]
name::
* McsEngl.2008-SNA-version!⇒Sna2008,
* McsEngl.Sna.{2008}-version!⇒Sna2008,
* McsEngl.Sna2008,
* McsEngl.Sna2008'(system-of-national-accounts-2008)!⇒Sna2008,
description::
* manual-lagHitp: https://synagonism.net/standard/economy/un.sna.2008.html#idForeword,
* manual-Pdf: https://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf,
* compilation in brief: https://unstats.un.org/unsd/nationalaccount/docs/2008SNA-CompilationBrief.pdf,
description::
"The 1993 SNA represents a major advance in national accounting and embodies the result of harmonizing the SNA and other international statistical standards more completely than in previous versions."
[https://unstats.un.org/unsd/nationalaccount/hsna.asp]
name::
* McsEngl.1993-SNA-version!⇒Sna1993,
* McsEngl.Sna.{1993}-version!⇒Sna1993,
* McsEngl.Sna1993,
description::
"The European System of Accounts (ESA) is the system of national accounts and regional accounts used by members of the European Union. It was most recently updated in 2010 (ESA 2010).
The ESA 95 is fully consistent with the United Nations System of National Accounts (1993 SNA) in definitions, accounting rules and classifications.[1] However, it incorporates certain differences, particularly in its presentation, that are more in line with use within the European Union. The ESA 95 is undergoing a revision to meet the requirements of the update of the SNA 1993 launched in 2003 under the auspices of the United Nations."
[{2020-11-07} https://en.wikipedia.org/wiki/European_System_of_Accounts]
name::
* McsEngl.Esa,
* McsEngl.Esa-European-system-of-accounts!⇒Esa,
* McsEngl.European-system-of-accounts-(Esa)!⇒Esa,
* McsEngl.McaccgEcon.Esa!⇒Esa,
description::
* https://ec.europa.eu/eurostat/web/national-accounts/,
name::
* McsEngl.Esa'evoluting,
{2014-09}-Esa2010-compalsory::
* McsEngl.{2014-09}-Esa2010-compalsory,
"The European System of Regional and National Accounts (ESA 2010) was published in the Official Journal on 26 June 2013 and compulsory for data transmissions from September 2014 onwards.
It is complemented by an implementing decision granting temporary derogations and an implementing regulation specifying the interchange standard for the transmission of data required (SDMX) as well as an implementing regulation on the modalities, structure, periodicity and assessment indicators of the quality reports on data transmitted under the ESA 2010 Transmission Programme."
[{2020-11-08} https://ec.europa.eu/eurostat/web/national-accounts/legislation]
description::
"The European system of national and regional accounts (ESA 2010) is the newest internationally compatible European Union's accounting framework for a systematic and detailed description of an economy. It is implemented as from September 2014; from that date onwards the data transmission from the EU Member States to Eurostat follows ESA 2010 rules.
The ESA 2010 differs in scope as well as in concepts from its predecessor ESA 95 reflecting developments in measuring modern economies, advances in methodological research and the needs of users. The structure of the ESA 2010 is consistent with the worldwide guidelines on national accounting set out in the System of national accounts 2008 (2008 SNA)."
[{2021-01-16} https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Glossary:European_system_of_national_and_regional_accounts_(ESA_2010)]
name::
* McsEngl.ESA-2010!⇒Esa2010,
* McsEngl.Esa2010,
* McsEngl.Esa2010'(European-system-of-regioanal-and-national-accounts-2010)!⇒Esa2010,
* McsEngl.Esa.2010!⇒Esa2010,
description::
"The European System of National and Regional Accounts 2010 (ESA2010) was published in the Official Journal on 26 June 2013 and implemented as from September 2014; i.e. from that date onwards the data transmissions from Member States to Eurostat have to follow ESA 2010 rules (see also the dedicated section on the Eurostat website).
The ESA 2010 is broadly consistent with the System of National Accounts 2008 (SNA2008), the world-level harmonised reference methodology for national accounts.
Formally, the ESA is a legal act, it has more precise definitions and it is intended as reference guide, whereas the SNA includes more explanations and background information, and it can be used as a teaching handbook for statisticians worldwide."
[{2020-11-08} https://ec.europa.eu/eurostat/web/national-accounts/methodology]
name::
* McsEngl.Esa2010'relation-to-SNA2008,
* McsEngl.Sna2008'relation-to-Esa2010,
description::
"Material Product System (MPS) refers to the system of national accounts used by 16 Leninist countries for different lengths of time, including the former Soviet Union and the Eastern Bloc countries (until around 1990), Cuba, China (1952-1992) and several other Asian countries[1] The MPS has now been replaced by the UNSNA accounts in most countries that used MPS, although some countries such as Cuba and North Korea have continued to use MPS alongside UNSNA-type accounts. Today it is difficult to obtain detailed information about accounting systems which are an alternative to UNSNA, and therefore few people know that such systems exist and have been used by various countries.[2]"
name::
* McsEngl.McaccgEcon.Mps,
* McsEngl.Mps-material-product-system,
* McsEngl.material-product-system-(Mps),
description::
"National Transfer Accounts: Understanding the Generational Economy
The goal of the National Transfer Accounts (NTA) project is to improve understanding of how population growth and changing population age structure influence economic growth, gender and generational equity, public finances, and other important features of the macro-economy. Research teams in more than 60 countries are constructing accounts that measure how people at each age produce, consume, and share resources, and save for the future. These accounts are designed to complement the UN System of National Accounts, population data, and other important economic and demographic indicators.
The NTA project is shedding light on many areas of importance to policymakers:
* Public policy on pensions, health care, education, and reproductive health
* Social institutions, such as the extended family
* The full economic contribution of women
* Social, political, and economic implications of population aging"
[{2020-11-07} https://ntaccounts.org/web/nta/show]
name::
* McsEngl.McaccgEcon.Nta,
* McsEngl.National-transfer-accounts-(Nta),
* McsEngl.Nta-national-transfer-accounts,
description::
· the-digital portion of the-economy.
name::
* McsEngl.Socecon'digital!⇒Econdigi,
* McsEngl.Econdigi,
* McsEngl.digital-economy!⇒Econdigi,
* McsEngl.e-economy!⇒Econdigi,
* McsEngl.information-economy!⇒Econdigi,
* McsEngl.knowledge-economy!⇒Econdigi,
name::
* McsEngl.Socecon'misc-attribute,
description::
"GDP: The sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data is in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.GDP//Socecon,
* McsEngl.Socecon'att010-GDP,
* McsEngl.Socecon/GDP,
* McsEngl.society'GDP,
description::
"GDP at parity: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.Socecon'att011-GDP-at-parity,
* McsEngl.Socecon'GDP-at-parity,
* McsEngl.society'GDP-at-parity,
description::
"real GDP: The sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data is in constant 2000 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.Socecon'att012-real-GDP,
* McsEngl.Socecon'real-GDP,
* McsEngl.society'real-GDP,
description::
"GDP per capita: Gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data is in current U.S. dollars."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.Socecon'att013-GDP-per-capita,
* McsEngl.Socecon'GDP-per-capita,
* McsEngl.society'GDP-per-capita,
description::
"GDP real growth: The sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Aggregates are based on constant 2000 U.S. dollars."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.Socecon'att014-GDP-real-growth,
* McsEngl.Socecon'GDP-real-growth,
* McsEngl.society'GDP-real-growth,
description::
"The Human Development Index (HDI) is a statistic composite index of life expectancy, education (literacy rate, gross enrollment ratio at different levels and net attendance ratio), and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores a higher HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher. It was developed by Pakistani economist Mahbub ul Haq and was further used to measure a country's development by the United Nations Development Programme (UNDP)'s Human Development Report Office.[1][2][3]"
[{2021-02-25} https://en.wikipedia.org/wiki/Human_Development_Index]
name::
* McsEngl.HDI//Socecon,
* McsEngl.Socecon'att017-HDI,
* McsEngl.Socecon/HDI,
description::
"Gini index: The extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a fraction of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 1 implies perfect inequality."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.Socecon'att015-Gini-index,
* McsEngl.Socecon'Gini-index,
* McsEngl.society'Gini-index,
description::
"The annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used."
[{2021-02-24} https://wolframalpha.com]
name::
* McsEngl.Socecon'att016-consumer-price-inflation,
* McsEngl.Socecon'consumer-price-inflation,
* McsEngl.society'consumer-price-inflation,
name::
* McsEngl.Socecon'evoluting,
{2020-07-11}::
=== McsHitp-creation:
· creation of current concept.
name::
* McsEngl.Socecon'whole-part-tree,
whole-tree-of-nodeSatisfier::
* human-society,
* ... Sympan.
name::
* McsEngl.Socecon'generic-specific-tree,
generic-tree-of-nodeSatisfier::
* ,
* ... entity.
description::
* eco-economy,
* ecoNo-economy,
===
* capitalism-economy,
description::
· capitalist-economy is an-economy with employers and employees.
name::
* McsEngl.Socecon.capitalism!⇒econCptl,
* McsEngl.econCptl,
* McsEngl.capitalism-economy!⇒econCptl,
* McsEngl.capitalist-economy!⇒econCptl,
description::
* https://www.weforum.org/agenda/2021/01/what-is-the-difference-between-stakeholder-capitalism-shareholder-capitalism-and-state-capitalism-davos-agenda-2021,
description::
· an-economy that incorporates and its ecosystem.
name::
* McsEngl.eco-economy!⇒econEco,
* McsEngl.econEco,
* McsEngl.Socecon.001-eco!⇒econEco,
* McsEngl.Socecon.eco!⇒econEco,
description::
* https://en.wikipedia.org/wiki/Ecology,
* https://en.wikipedia.org/wiki/Eco-industrial_development,
* https://www.theblueeconomy.org/,
* https://en.wikipedia.org/wiki/Green_economy,
* https://en.wikipedia.org/wiki/Environmental_economics,
description::
"The circular economy is a way of building a world with no waste."
[{2020-11-13} https://www.weforum.org/agenda/2020/11/4-lessons-from-nature-to-build-a-circular-economy]
===
"A circular economy (often referred to simply as "circularity"[1]) is an economic system aimed at eliminating waste and the continual use of resources. Circular systems employ reuse, sharing, repair, refurbishment, remanufacturing and recycling to create a closed-loop system, minimising the use of resource inputs and the creation of waste, pollution and carbon emissions.[2] The circular economy aims to keep products, equipment and infrastructure[3] in use for longer, thus improving the productivity of these resources. All "waste" should become "food" for another process: either a by-product or recovered resource for another industrial process or as regenerative resources for nature (e.g., compost). This regenerative approach is in contrast to the traditional linear economy, which has a "take, make, dispose" model of production.[4]"
[{2020-11-13} https://en.wikipedia.org/wiki/Circular_economy]
name::
* McsEngl.circular-economy!⇒econCircular,
* McsEngl.econCircular,
* McsEngl.econEcon.circular!⇒econCircular,
* McsEngl.Socecon.003-circular!⇒econCircular,
* McsEngl.Socecon.circular!⇒econCircular,
description::
* https://en.wikipedia.org/wiki/Circular_economy,
* https://www.weforum.org/agenda/2020/11/4-lessons-from-nature-to-build-a-circular-economy,
* https://pacecircular.org/about,
description::
"Nature provides us with resources, we should give back to nature in our business models."
[{2020-11-13} https://medium.com/swlh/business-models-from-linear-to-circular-to-regenerative-9f10c19f337]
name::
* McsEngl.econRegenerative,
* McsEngl.econEco.regenerative!⇒econRegenerative,
* McsEngl.Socecon.004-regenerative!⇒econRegenerative,
* McsEngl.Socecon.regenerative!⇒econRegenerative,
* McsEngl.regenerative-economy!⇒econRegenerative,
description::
· an-economy that does-not-incorporate its ecosystem.
name::
* McsEngl.Socecon.002-ecoNo,
* McsEngl.Socecon.ecoNo,
this page was-visited times since {2020-07-11}
page-wholepath: synagonism.net / Mcs-worldview / dirStn / economy
SEARCH::
· this page uses 'locator-names', names that when you find them, you find the-LOCATION of the-concept they denote.
⊛ GLOBAL-SEARCH:
· clicking on the-green-BAR of a-page you have access to the-global--locator-names of my-site.
· use the-prefix 'economy' for sensorial-concepts related to current concept 'human-economy'.
⊛ LOCAL-SEARCH:
· TYPE CTRL+F "Mcs.words-of-concept's-name", to go to the-LOCATION of the-concept.
· a-preview of the-description of a-global-name makes reading fast.
webpage-versions::
• version.last.dynamic: ../../dirMcs/dirStn/McsStn000012.last.html,
• version.1-0-0.2021-04-12: (0-21) filMcsEconHmn.1-0-0.2021-04-12.html,
• filMcsEconHmn.0-1-0.2020-07-11.last.html: draft creation,