Economics is the social science that describes the factors that determine the production, distribution and consumption of goods and services. It also includes the methods used for the purposeful Engineering of such processes, in a complex Society.
An https://en.wikipedia.org/wiki/Economy (Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location.
Economic and product cycle
Diagram of a product cycle (showing the main phases in the life of a product).
The economic cycle involves the product cycle, plus steps that control the product cycle, which involves systems like markets.
Raw material extraction
Production of goods
Industry, the production of goods, often by processing raw materials (Manufacturing)
Distribution of goods
Consumptions of goods
Demand, use, Culture, trends, necessity, Psychology
Disposal and recycling of goods
Disposal, Recycling
- Primary (raw materials)
- Secondary (manufacturing and processing)
- Tertiary (services)
Quaternary: Data & Knowledge, information services
Quinary sector: human services
Economic development correlated with an increase in the complexity of the economic activity.
See also Resource management.
Tax heavens
https://panamapapers.icij.org/the_power_players/
https://en.wikipedia.org/wiki/Grundrisse
http://motherboard.vice.com/read/the-future-of-robot-labour-has-everything-to-do-with-capitalism
http://wol.iza.org/articles/who-owns-the-robots-rules-the-world/long