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  2. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Law and economics, or economic analysis of law, is an approach to legal theory that applies methods of economics to law. It includes the use of economic concepts to explain the effects of legal rules, to assess which legal rules are economically efficient, and to predict what the legal rules will be. [177]

  3. Economy - Wikipedia

    en.wikipedia.org/wiki/Economy

    A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

  4. Economic development - Wikipedia

    en.wikipedia.org/wiki/Economic_development

    Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development".

  5. Socioeconomic status - Wikipedia

    en.wikipedia.org/wiki/Socioeconomic_status

    An 1880 painting by Jean-Eugène Buland showing a stark contrast in socioeconomic status. Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work experience and of an individual's or family's access to economic resources and social position in relation to others.

  6. Economic system - Wikipedia

    en.wikipedia.org/wiki/Economic_system

    An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.

  7. Economic indicator - Wikipedia

    en.wikipedia.org/wiki/Economic_indicator

    An economic indicator is a statistic about an economic ... Leading indicators include the index of consumer expectations, building permits, and credit conditions.

  8. Economic stratification - Wikipedia

    en.wikipedia.org/wiki/Economic_stratification

    The causal conditions for stratification include: Unequal distribution of resources (assets and income) Asymmetrical personal ability (Education, Genetic Factors) Cultural priorities; State institutions and activities; The effects that stratification produces in society as a whole can be significant. They include: Inefficient economic cycling

  9. World economy - Wikipedia

    en.wikipedia.org/wiki/World_economy

    The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.