Yekaterinburg, Russia

Behavioral Economy

Language: English Studies in English
Subject area: economy and administration
University website: urfu.ru/en/
3 years
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.
New studies into the chemistry of thorium have brought scientists closer to using it as an alternative to uranium in the production of nuclear energy.
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