Tuesday, August 01, 2006

Economy : An Overview

Simply an economy can be defined as a system, which provides living to the peoples. Presently almost all countries economies are following the mantra of globalization. In this era the concept of economy provides living to more than 6 billions peoples over the world. Parameters like income, employment, growth and others act as the indicators of an economy. On the basis of these parameters all the economies of the world are classified in to lower income, middle income and higher income economies.

In an environment of global scarcity of energy in the world, the meaning of fuel economy possesses high importance. This concept of fuel economy simply means as fuel required by a vehicle for covering a given distance.
The benefits of Fuel Economy can be measured from following angles:
It enables to make energy friendly vehicles
It conserves resources
Raises people’s participation

Economic relationship among the countries in the world is growing very fast over the world. Different sectors of the economy particularly the Business and Economy are facing a higher degree of competition. Top industrialized countries have stepped forward to enhance the world’s Business and Economy. The emerging market economies of the world are running faster to develop this sector.


Blogger alen said...

Because all of our resources are limited in comparison to all of our wants and needs, individuals and nations have to make decisions regarding what goods and services they can buy and which ones they must forgo

5:15 AM  
Blogger devil said...

yep thats right....

Its simple if demand is more as compared to supply , than price will rise and if there is an increase in supply as compared to demand, price will decrease...

5:17 AM  
Anonymous Anonymous said...

Its a good article. Providing information to both novice and professional. Plz provide some information on Companies in the world if possible.

1:43 AM  

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