Media sector seeks new powers to challenge Big Tech

Big Tech firms are clobbering traditional news organizations, media representatives told lawmakers Tuesday, asking for new authority to allow the struggling sector to team up against online platforms.

Want effective policy? Ask the locals

As multinational organizations such as the United Nations strive to improve life for people across the globe through initiatives like the Sustainable Development Goals, there is a tendency to look for indicators that can ...

Clarifying the economic value of adjusting power consumption

Since the output of renewable energy such as photovoltaic generation tends to fluctuate, the power system can be viewed as a large-scale complex system with uncertainty. To stabilize the balance of supply and demand of electricity, ...

US moves to tackle scourge of 'robocalls'

"Hello? Who's calling?" For many Americans these days, the call is coming from a "bot" or automated program that seeks to trick them into giving up money or important personal data.

'Hurry up!': G20 urged to speed up digital tax

Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed on the best way to do it.

How much would you pay to eliminate child labor from your cocoa?

An increase in cocoa price by 2.8 percent could potentially eliminate the very worst forms of child labor from cocoa production in Ghana, according to a new economic model described in a study published June 5, 2019 in the ...

What next after 100 Resilient Cities funding ends?

It was no April fool's joke when the Rockefeller Foundation announced it will phase out funding for the 100 Resilient Cities network. The foundation's message was a surprise for many participating cities, including Melbourne ...

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Economy

An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area. An economy may also be described as a spatially limited and social network where goods and services are exchanged according to demand and supply between participants by barter or a medium of exchange with a credit or debit value accepted within the network.

A given economy is the end result of a process that involves its technological evolution, history and social organization, 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.

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