What is your definition of literature 1

economy

1. Term: The economy, also called economy (Gr. "Oikonomia", "house management" or "housekeeping") consists of facilities, machines and people that generate and regulate supply and demand. Institutions are companies or companies and public or private households. Machines support and replace activities aimed at the production, transformation, consumption and distribution of goods by workers, middlemen and end customers. Extraction (of all kinds of resources), advertising (for products and services) and disposal are also relevant. The aim of the economy is to secure a livelihood and, in its capitalist form, to maximize profit and pleasure with the help of entrepreneurial freedom, at the same time to generate dependence, whether on suppliers or products, and growth, up to the (not necessarily desired, but expected) Collapse of the system.

2. Development and classification: Even hunters, gatherers and shepherds are training traditional forms of economy. The focus is on self-sufficiency in clans and tribes at a fixed location or in changing areas (demand economy). Agriculture promotes sedentarism, insofar as farmers want to cultivate their fields repeatedly and areas are increasingly sought after and occupied. The commercial economy is determined by the exchange of goods, even over great distances, and gradually leads to the global economic world. The dealer becomes a central figure. The parties involved receive or pay money for creation, placement and request or acquisition or exchange their owners and services, even in the digital modern age (sharing economy). In the free market economy, intervention is only made in exceptional cases, whereas in the social one, social progress is aimed at. In the planned economy, a central unit that can be bound by communist principles assigns knowledge, labor, capital and land to production. Economic sectors include the primary sector (cultivation of grain, mining of iron ore and logging), secondary sector (industrial sector), tertiary sector (service sector) and Quaternary sector (information sector with information and communication technology as well as information system), branches of industry (sectors) e.g. health and social services, finance and insurance industry as well as trade.

3. Scientific employment: Economics (economics or economics) has economics as its subject. It gives birth to economic theories such as neoclassical theory, Marxism and Keynesianism. Economics (VWL) is devoted to the economy of a community or a country, while business administration (BWL) is devoted to the economy of a company or company. Business informatics connects business administration with computer science. With the help of their knowledge and skills, information systems are planned, implemented and operated as socio-technical systems. Business ethics examines the moral implications of business. Business ethics asks about the responsibility and liability of the company and its founders and managers, and consumer ethics about the responsibility of consumers. Economic philosophy deals with the basics of economics and the methods of economics. Further disciplines are business law, history, sociology and education.

4. Criticism and Outlook: Humans have become Homo oeconomicus, who are essentially determined by economic ways of thinking and weighing up interests, be it as a provider, as an intermediary or as a customer. In the information society, it becomes a means of payment, through its data, and a product that is sold and consumed. Not only in companies, but also in educational institutions and administrative units, the proof of profitability becomes the dominant criterion, the cost-benefit analysis becomes the premise that precedes everything. In Industry 4.0, economic sectors, automation, autonomization (of machines), flexibilization (of productions) and individualization are linked in a previously unknown way for the purpose of increasing efficiency and increasing effectiveness. The added value of the IT and Internet industry and the (free) use by the tech-savvy consumer, who repeatedly becomes a producer, a prosumer, are critically reflected by business ethics, information ethics, technology ethics and technology assessment, as well as surveillance, hacking and others Information and communication technologies related phenomena. The overexploitation of nature, which is caused by the constant growth of the economy and the population, is a topic of economic and environmental ethics.