Study: Gen Z has the lowest financial literacy

Financial literacy is low within each of the five generations—the Silent Generation, Baby Boomers, Gen X, Gen Y and Gen Z—but is the lowest among Gen Z, according to a new report by the TIAA Institute and the Global Financial ...

Plant-based jet fuel could reduce emissions by 68%

Replacing petroleum-based aviation fuel with sustainable aviation fuel derived from a type of mustard plant can reduce carbon emissions by up to 68%, according to new research from University of Georgia scientist Puneet Dwivedi.

Economics Prize wraps up unpredictable Nobel season

The Nobel Economics Prize on Monday wraps up a Nobel season characterised by surprising picks, with a number of women in with a chance of scooping the traditionally male-dominated prize.

Digitalization found to be an important climate tool

Carbon emissions from the internet are on a par with emissions from the aerospace industry, but at the same time digital technologies are crucial to winning the battle against climate change.

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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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