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Economic activity is spurred by production which uses natural resources

 An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.[1] A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone.


Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or 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.


Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology, innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) such as, that which produces intellectual property and changes in industrial relations (most notably child labor being replaced in some parts of the world with universal access to education).


A market-based economy is one where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange with a credit or debit value accepted within the network, such as a unit of currency. A command-based economy is one where political agents directly control what is produced and how it is sold and distributed. A green economy is low-carbon, resource efficient and socially inclusive. In a green economy, growth in income and employment is driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services. 

A gig economy is one in which short-term jobs are assigned or chosen via online platforms. New economy is a term that referred to the whole emerging ecosystem where new standards and practices were introduced, usually as a result of technological innovations. The global economy refers to humanity's economic system or systems overall.

How an Economy Grows and Why It Crashes

 How an Economy Grows and Why it Crashes uses illustration, humor, and accessible storytelling to explain complex topics of economic growth and monetary systems. In it, economic expert and bestselling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature "take no prisoners" logic to expose the glaring fallacies that have become so ingrained in our country?s economic conversation.

Inspired by How an Economy Grows and Why It Doesn?t?a previously published book by the Schiffs? father Irwin, a widely published economist and activist?How an Economy Grows and Why It Crashes incorporates the spirit of the original while tackling the latest economic issues.With wit and humor, the Schiffs explain the roots of economic growth, the uses of capital, the destructive nature of consumer credit, the source of inflation, the importance of trade, savings, and risk, and many other topical principles of economics.


Peter D. Schiff has fully revised and updated his provocative New York Times, Wall Street Journal, and USA Today bestseller The Real Crash. First published in 2012, The Real Crash argues that America is enjoying a government-inflated bubble, one that reality will explode...with disastrous consequences for the economy and for each of us.

Since 2012, what has happened with our economy? The stock market continues its illusory gains, the Fed "tapers" while some jobs return, and yet the fundamental threat to our way of life has only grown worse-- much, much worse. The United States government nearly defaulted on its debts and the solution was to raise the debt limit-- to spend yet more money, to go even deeper in hock to China, and to burden every American with obligations that are impossible to repay.

With incisive analysis and expert financial understanding, Peter D. Schiff reveals that the road we're on will lead to an abrupt devaluation of our currency and a crash that will upend our power, our political system, and our way of life. This new edition of The Real Crash includes more than 35,000 new words of text, which cover:

-The 2013 government shutdown, the debt crisis, and how the solution only dug a deeper hole

-The IRS political auditing scandal and why the average American should care

-What will happen when the government stops inflating the stock and real estate market bubbles

-How Detroit's bankruptcy mirrors our national situation: too many promises, not enough revenue

To avoid complete collapse, America must drastically reduce government spending, and regulations that drain businesses and suppress economic growth, eliminate costly and unnecessary agencies, stop foreign military escapades, and cut entitlements of all kinds for all classes of people. And, with wisdom born from having predicted the Crash of 2008, Peter D. Schiff explains how to protect yourself, your family, your money, and your country from the even greater crash that lies ahead.

A fully updated follow-up to Peter Schiff's bestselling financial survival guide-Crash Proof, which described the economy as a house of cards on the verge of collapse, with over 80 pages of new material

The economic and monetary disaster which seasoned prognosticator Peter Schiff predicted is no longer hypothetical-it is here today. And nobody understands what to do in this situation better than the man who saw it coming. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar. Crash Proof 2.0 picks up right where the first edition-a bestselling book that predicted the current market mayhem-left off. This timely guide takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to navigate the dangerous terrain. Throughout the book, Schiff explains the factors that will affect your future financial stability and offers a specific three step plan to battle the current economic downturn.


Discusses the measures you can take to protect yourself-as well as profit-during these difficult times

Offers an insightful examination of the structural weaknesses underlying the economic meltdown

Outlines a plan that will allow you to preserve wealth and protect the purchasing power of your savings

Filled with in-depth insights and expert advice, Crash Proof 2.0 will help you survive and thrive during the coming years of economic uncertainty.


Professional Stock Trading Course Lesson 1 of 10 by Adam Khoo

A stock trader or equity trader or share trader is a person or company involved in trading equity securities. Stock traders may be an agent, hedger, arbitrageur, speculator, or stockbroker. Such equity trading in large publicly traded companies may be through a stock exchange. Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets. Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf. Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade. Major stock exchanges have market makers who help limit price variation (volatility) by buying and selling a particular company's shares on their own behalf and also on behalf of other clients. Stock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. 

This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation. Professional stock traders who work for a financial company are required to complete an internship of up to four months before becoming established in their career field. In the United States, for example, internship is followed up by taking and passing a Financial Industry Regulatory Authority-administered Series 63 or 65 exam. Stock traders who pass demonstrate familiarity with U.S. Securities and Exchange Commission (SEC) compliant practices and regulation. Stock traders with experience usually obtain a four-year degree in a financial, accounting or economics field after licensure. Supervisory positions as a trader may usually require an MBA for advanced stock market analysis. 

 The U.S. Bureau of Labor Statistics (BLS)[6] reported that growth for stock and commodities traders was forecast to be greater than 21% between 2006 and 2016. In that period, stock traders would benefit from trends driven by pensions of baby boomers and their decreased reliance on Social Security. U.S. Treasury bonds would also be traded on a more fluctuating basis. Stock traders just entering the field suffer since few entry-level positions exist. While entry into this career field is very competitive, increased ownership of stocks and mutual funds drive substantial career growth of traders. Banks were also offering more opportunities for people of average means to invest and speculate in stocks. The BLS reported that stock traders had median annual incomes of $68,500. Experienced traders of stocks and mutual funds have the potential to earn more than $145,600 annually.


List of essential businesses

Here's a full list of what those businesses are: during governor’s stay-at-home order
  • Healthcare and Public Health Operations: Working at or obtaining services from hospitals; clinics; dental offices; pharmacies; public health entities; healthcare manufacturers and suppliers; blood banks; medical cannabis facilities; reproductive health care providers; eye care centers; home healthcare services providers; mental health and substance use providers; ancillary healthcare services — including veterinary care and excluding fitness and exercise gyms, spas, salons, barber shops, tattoo parlors, and similar facilities
  • Human Services Operations: any provider funded by DHS, DCFS or Medicaid; long-term care facilities; home-based and residential settings for adults, seniors, children, and/or people with disabilities or mental illness; transitional facilities; field offices for food, cash assistance, medical coverage, child care, vocational services or rehabilitation services; developmental centers; adoption agencies; businesses that provide food, shelter, and social services and other necessities of life for needy individuals — excluding day care centers, day care homes, group day care homes and day care centers licensed as specified in Section 12(s) of the order
  • Essential Infrastructure: Working in food production, distribution and sale; construction; building management and maintenance; airport operations; operation and maintenance of utilities, including water, sewer, and gas; electrical; distribution centers; oil and biofuel refining; roads, highways, railroads, and public transportation; ports; cybersecurity operations; flood control; solid waste and recycling collection and removal; and internet, video, and telecommunications systems
  • Stores that sell groceries and medicine
  • Food, beverage and cannabis production and agriculture
  • Organizations that provide charitable and social services
  • Media
  • Gas stations and businesses needed for transportation
  • Financial institutions
  • Hardware and supply stores
  • Critical trades, including plumbers, electricians, exterminators, cleaning and janitorial staff for commercial and governmental properties, security staff, operating engineers, HVAC, painting, moving and relocation services, and other service providers that maintain the safety, sanitation and essential operation of residences, Essential Activities, and Essential Businesses and Operations
  • Mail, post, shipping, logistics, delivery and pick-up services
  • Educational institutions, for purposes of facilitating distance learning, performing critical research, or performing essential functions
  • Laundry services
  • Restaurants for consumption off-premises
  • Supplies to work from home
  • Supplies for Essential Businesses and Operations
  • Transportation, for purposes of Essential Travel
  • Home-based care and services
  • Residential facilities and shelters
  • Professional services
  • Day care centers for employees exempted by this Executive Order
  • Manufacture, distribution, and supply chain for critical products and industries
  • Critical labor union functions
  • Hotels and motels, to the extent used for lodging and delivery or carry-out food services
  • Funeral services

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AI-powered proprietary food trend prediction platform

Dive Insight:

The Tastewise report findings — derived from analyzing millions of social media posts and photos, restaurant menus, reviews and recipes to find the latest trends — could help food brands target which ingredients will be trending next and how to effectively tap into them.
The report noted consumers favor ingredients that can support gut health — such as watermelon, peppermint and leafy greens. CBD is also increasingly being consumed to boost gut health, sleep, energy and the immune system, the report found. As a result of this research, companies could move to put more of these ingredients in products to make them functional.
For food brands looking to leverage such information in a more timely fashion, there could be big benefits to reaching consumers focused on wellness with on-trend functional ingredients. Since 2018, Starbucks and Monster Energy have tapped into functional coffee, and Unilever added probiotics to its Culture Republick ice cream. Many other functional ingredients are showing up in products across the food and beverage industry. 
It's likely AI-powered platforms such as Tastewise's will become more common in the future, as long as their projections pan out. More companies could be turning to the company since this latest funding round allows the platform to grow even more.
But Tastewise isn't the only one using AI to help develop foods. Also banking on this approach is Conagra, which has been using such a platform to narrow down consumer preferences and trim the time between R&D and launch. So far, the technology has led to Healthy Choice grain-free bowls in compostable containers and Reddi-wip Nitro Creamer to make coffee shop-style drinks at home. Other CPG firms using AI to predict trends include McCormick and Nestlé.
Tastewise Co-Founder and CEO Alon Chen told AgFunder News most CPG companies continue to use the same traditional market research and surveys to determine upcoming food trends. But that is no longer enough, he said.
"If you really want to see what is coming in the future, you have to be able to better understand what people are eating and drinking, period. This is what started our journey to actually look at data sets," Chen said.
Earlier this year, Chen told Food Dive the industry needs more dynamic consumer insights in order to avoid missed opportunities. He said it can take six months for a company to do a survey, analyze it, get insights, produce something new or change a menu. And then, despite all the planning, the result is "building for a trend that already happened six months ago."
Whether results from these trend predictions win favor with consumers is another question, but it's one that bears watching. One clue may be how many new products introduced during the next few months feature provolone cheese and maple syrup.

https://www.fooddive.com/news/37-of-consumers-use-functional-food-for-health-tastewise-finds/563834/

AI-powered proprietary food trend prediction platform

 The report noted consumers favor ingredients that can support gut health — such as watermelon, peppermint and leafy greens. CBD is also increasingly being consumed to boost gut health, sleep, energy and the immune system, the report found. As a result of this research, companies could move to put more of these ingredients in products to make them functional.
  • Tastewise, an Israel-based food trends prediction and intelligence startup, released its 2019 Food for Function report. The 22-page report said 37% of consumers are using food as a functional tool to reach their health goals — with provolone cheese, maple syrup, pea protein, kefir and maca as the most popular products to help with weight loss, depression and gut health.
  • Tastewise also raised $5 million in a funding round to help boost its AI-powered proprietary food trend prediction platform. Leading the round was PeakBridge, a Malta-based investment firm specializing in food tech. This latest investment brings Tastewise's total to $6.5 million, combined with $1.5 million in seed funding from Israel's Pico Venture Partners in 2018.
  • Tastewise says its process goes beyond knowing which foods are trending, and instead looks to understanding why. This approach gives food brands "critical insights and more lead time to prepare for the future market demands," the company said in a release.


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