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The national emblem of Indonesia contains a shield that represents Pancasila. Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1]
BUMDes-run convenience store in Kebumen Regency. A village-owned enterprise (Indonesian: Badan Usaha Milik Desa), often shortened to BUMDes or BUM Desa, is a type of company that is managed and established by an Indonesian village.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The Coordinating Ministry for Economic Affairs (Indonesian: Kementerian Koordinator Bidang Perekonomian) is an Indonesian government ministry in charge of planning and policy co-ordination, as well as synchronisation of policies in the field of economics.
Open economies offer several advantages to their citizens. One key benefit is that consumers have access to a broader variety of goods and services. Additionally, citizens can invest their savings in foreign markets, potentially offering better returns.
Historical development of real GDP per capita in Sweden. The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore.These constitute the resource base of an economy oriented toward foreign trade.
Instead of implementing a nationwide lockdown, the government applied "Large-Scale Social Restrictions" (Indonesian: Pembatasan Sosial Berskala Besar, abbreviated as PSBB), which was later modified into the "Community Activities Restrictions Enforcement" (Indonesian: Pemberlakuan Pembatasan Kegiatan Masyarakat, abbreviated as PPKM). [5]
East Nusa Tenggara (Indonesian: Nusa Tenggara Timur) is the southernmost province of Indonesia.It comprises the eastern portion of the Lesser Sunda Islands, facing the Indian Ocean in the south and the Flores Sea in the north.