Difference between revisions of "What Economy Is"
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| − | :[[Employment]] depends on [[economy]], which is | + | :[[Employment]] depends on [[economy]], which is a system of human production and consumption of [[raw material]]s, goods, [[service]]s, and/or other [[product]]s. These systems may range from an economy of a single household to the economy of the whole world. |
:The same term, [[economy]], may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and so on. | :The same term, [[economy]], may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and so on. | ||
| − | :Based on various types of [[ownership]], any ''economy'' may be divided in three sectors. | + | :Based on various types of [[ownership]], any ''economy'' may be clearly divided in three sectors. |
| − | :The [[public sector]] represents those [[enterprise]]s that the government owns | + | :The [[public sector]] represents those [[enterprise]]s that the government owns. In the [[United States]], the ''public sector'' includes the [[United States Federal Government]], state governments, municipal governments, and foreign governments. To run their [[operations]], the governments impose and collect domestic taxes, as well as conduct state-owned businesses. |
| − | :The [[private sector]] represents those ''enterprises'' that the citizens own | + | :The [[private sector]] represents those ''enterprises'' that the citizens own. Their size varies greatly from a single-person [[sole proprietorship]] to [[multinational corporation]]s. These ''enterprises'' in business largely because of sales to the [[customer]]s. |
:The [[nonprofit sector]] represents those ''enterprises'' that no one owns. Groups of people and/or [[organization]]s create these ''enterprises'' usually to address some causes. The ''nonprofit sector'' includes religious organizations, [[labor union]]s, [[trade association]]s, foundations, and so on. To run their [[operations]], the [[nonprofit organization]]s may collect [[membership fee]]s, donations, or conduct business. | :The [[nonprofit sector]] represents those ''enterprises'' that no one owns. Groups of people and/or [[organization]]s create these ''enterprises'' usually to address some causes. The ''nonprofit sector'' includes religious organizations, [[labor union]]s, [[trade association]]s, foundations, and so on. To run their [[operations]], the [[nonprofit organization]]s may collect [[membership fee]]s, donations, or conduct business. | ||
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'''[[Economy Segments]]''' is the successor [[lectio]]. | '''[[Economy Segments]]''' is the successor [[lectio]]. | ||
==Quiz== | ==Quiz== | ||
Revision as of 09:03, 4 May 2020
What Economy Is (hereinafter, the Lectio) is the second lesson part of the Industries and Specialties lesson that introduces its participants to industries, professional specialties, and related topics.
This lesson belongs to the Introduction to Employment session of the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.
Contents
Content
The predecessor lectio is Labor Relations.
Key terms
- Economy. The system of human production and consumption of raw materials, goods, and services, which may range from the prosperity of a single household to the wealth of nations. The term, economy, may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, etc.
Script
- Employment depends on economy, which is a system of human production and consumption of raw materials, goods, services, and/or other products. These systems may range from an economy of a single household to the economy of the whole world.
- The same term, economy, may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and so on.
- Based on various types of ownership, any economy may be clearly divided in three sectors.
- The public sector represents those enterprises that the government owns. In the United States, the public sector includes the United States Federal Government, state governments, municipal governments, and foreign governments. To run their operations, the governments impose and collect domestic taxes, as well as conduct state-owned businesses.
- The private sector represents those enterprises that the citizens own. Their size varies greatly from a single-person sole proprietorship to multinational corporations. These enterprises in business largely because of sales to the customers.
- The nonprofit sector represents those enterprises that no one owns. Groups of people and/or organizations create these enterprises usually to address some causes. The nonprofit sector includes religious organizations, labor unions, trade associations, foundations, and so on. To run their operations, the nonprofit organizations may collect membership fees, donations, or conduct business.
Economy Segments is the successor lectio.
