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Business services are a recognisable subset of economic services, and share their characteristics. The essential difference is that businesses are concerned about the building of service systems in order to deliver value to their customers and to act in the roles of service provider and service consumer.
Change in access to a financial account or services between 2005 and 2014 by country [2]. The term "financial services" became more prevalent in the United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.
Platformization refers to the increasing prevalence of large digital platforms that act as intermediaries between users, facilitating economic and social interactions. The term was first introduced by Anne Helmond, who described it as "the rise of the platform as the dominant computational, infrastructural, and economic model of the web" and examined how platforms extend their boundaries into ...
For measuring the output of domestic product, economic activities (i.e. industries) are classified into various sectors. After classifying economic activities, the output of each sector is calculated by any of the following two methods: By multiplying the output of each sector by their respective market price and adding them together
Economic deprivation may refer to social sectors (health service, education, arts, social services, etc., ) being deprived of adequate economic support. This is from the Macroeconomic level, but an article exists viewing the subject from the ( microeconmic level )
The adjective feudal was in use by at least 1405, and the noun feudalism was in use by the end of the 18th century, [4] paralleling the French féodalité.. According to a classic definition by François Louis Ganshof (1944), [1] feudalism describes a set of reciprocal legal and military obligations of the warrior nobility that revolved around the key concepts of lords, vassals and fiefs, [1 ...
An economic equilibrium is a situation when the economic agent cannot change the situation by adopting any strategy. The concept has been borrowed from the physical sciences. Take a system where physical forces are balanced for instance.This economically interpreted means no further change ensues.
In economics, deflation is a decrease in the general price level of goods and services. [1] Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but deflation increases it. This allows more goods and services to be bought than before with the same amount of currency.