subject area 
kind of studies  
university type - Poland  
university status  
Wrocław, Poland

World Economy

Gospodarka światowa

Field of studies: Economics
Language: PolishStudies in Polish
Kind of studies: full-time studies, part-time studies
University website:
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.
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.
Tout est pour le mieux dans le meilleur des mondes.
Everything is for the best in this best of possible worlds.
This world's a bubble.
Ascribed to Francis Bacon by Thomas Farnaby (1629). Appeared in his Book of Epigrams; and by Joshua Sylvester, Panthea. Appendix. (1630). See also Wottonianæ, p. 513. Attributed to Bishop Usher. See Miscellanes, H. W. Gent (1708); reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 911-17.
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.
Privacy Policy