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Economy |
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Economy The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated. Notes: The economy encompasses everything related to the production and consumption of goods and services in an area.The economy and the factors affecting the economy have spawned one of the largest fields of study in human history - economics. The study of economics can be broken into two major areas of focus, microeconomics and macroeconomics. |
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18 quoted Tuwaijri as saying the SEC opened new economic sectors for foreign investment in line with the king's reforms aimed at strengthening the economy, attracting more FDI and enhancing private sector participation. Under the System of National Accounts, which guides the collection and reporting of economic data around the world, these organizations are allocated among different economic sectors based on their principal source of income. Gulf News on July 3 quoted an Abu Dhabi-based economist as saying: "Economic growth, boosted by the remarkable growth in new and traditional economic sectors and the increase in international oil prices, is creating larger demand for goods and services than in the past; this additional demand has driven prices up". |
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Economic sectors
