Prague, Czech Republic

World Economy

Světová ekonomika

Master's
Language: CzechStudies in Czech
Subject area: economy and administration
Years of study: 2
University website: www.czu.cz/
Economy
An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.
World
The world is the planet Earth and all life upon it, including human civilization. In a philosophical context, the "world" is the whole of the physical Universe, or an ontological world (the "world" of an individual). In a theological context, the world is the material or the profane sphere, as opposed to the celestial, spiritual, transcendent or sacred spheres. "End of the world" scenarios refer to the end of human history, often in religious contexts.
World
The world is a looking glass, and gives back to every man the reflection of his own face. Frown at it and it will in turn look sourly upon you; laugh at it and with it, and it is a jolly kind companion.
William Makepeace Thackeray, Vanity Fair; reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 911-17.
World
Denn nur vom Nutzen wird die Welt regiert.
For the world is ruled by interest alone.
World
The world's a theatre, the earth a stage,
Which God and nature do with actors fill.
John Heywood, Dramatic Works, Volume I. The Author to His Book. Prefix to Apology for Actors; reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 911-17.
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