Lisbon, Portugal

Economy

Economia

Language: Portuguese Studies in Portuguese
Subject area: economy and administration
Kind of studies: full-time studies
University website: www.ulusofona.pt
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.
Scientists are studying how toxic chemicals are naturally degraded in polluted waters with a view to developing cost-effective methods for cleaning up contaminated sites.
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