Reducing CO₂ emissions by 20% with only a 2% economic loss

A "rapid and far-reaching change" is necessary to prevent catastrophic climate change, according to the Intergovernmental Panel on Climate Change (IPCC). "However, the transformation of the economy towards climate neutrality ...

Biochemists discover first new antibacterial class in decades

Vanderbilt biochemists are part of a team taking a stride toward the development of antibacterials to treat uncomplicated urinary tract infections, a pervasive bacterial infection that affects 50%–60% of women in their ...

Study underscores uncertain costs of iron fertilization

As society grapples with the intensifying consequences of climate change, decision-makers are increasingly looking to carbon dioxide removal as a necessary complement to emission reductions. One of the strategies that has ...

Climate adaptation research applied 'in real-time'

With global South countries already bearing the devastating consequences of climate change, adaptation research needs to have immediate on-the-ground impact, while still being scientifically rigorous, say climate action specialists ...

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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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