It's more than just climate change

A new scientific paper by a University of Maryland-led international team of distinguished scientists, including five members of the National Academies, argues that there are critical two-way feedbacks missing from current ...

Britain adopts 2050 net zero emissions target

Britain on Thursday became the world's first major economy to adopt the tough new target of lowering fossil fuel emissions to a level of net zero by 2050.

Amazon rainforest fires: Everything you need to know

Since January, a staggering 121,000 fires have broken out across Brazil—and more than half of those fires are taking place in the Amazon, according to the country's National Institute for Space Research.

G20 digital tax takes step closer

Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan, officials said Friday.

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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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