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Economy

prefLabel	economy
definition	The system of activities and administration through which a society uses its resources to produce wealth.
topConceptOf	GEMET Vocabulary
narrower	agricultural economics accounting system fee economic system economic activity economic instrument forestry economics industrial economics energy economics fishery economics foreign economic relations income market marketing commercial transaction goods and services consumption supply and demand economic policy economic support economic analysis patrimonial management Community finance economic structure business economics carbon economy circular economy green economy linear economy low carbon economy resource-efficient economy trade and consumption economic resilience economic growth
inScheme	GEMET Vocabulary
Abstract from DBPedia	An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources 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 interrelated human practices and transactions that 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, 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). 経済（けいざい、（希: οικονομία、羅: oeconomia、英: economy〈エコノミー〉）とは、社会が生産活動を調整するシステム、あるいはその生産活動を指す。 (Source: http://dbpedia.org/resource/Economy) An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources 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 interrelated human practices and transactions that 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, 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). 経済体系（けいざいたいけい、英: Economic system, Economic order）とは、社会またはある地域内において、生産・資源配分・財とサービスの分配を行うシステムである。経済体制（けいざいたいせい）、経済システムとも呼ばれる。その領域内における経済構造を構成する様々な制度・機関・事業体・意思決定過程・消費パターンの組み合わせからなる。 (Source: http://dbpedia.org/resource/Economy)