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What Is The Term | Economy | Share | Insurance | Market | Mafia | Services

What Is The Term | Economy| Share | Insurance | Market | Mafia |services

Here you can get the idea what is tern economy, share, insurance, market, mafia, service. Read before in details to understand the meaning of the exact sentence you looking for.

What is Economy?

Economy gives everything related to the distribution and manufacture of goods items. Goods are items and services that we need or want for a living, such as food, clothes, books, mobile phones, or a haircut, In the feet market economy, everything is about money.

What Is The Term | Economy | Share | Insurance | Market | Mafia |services
What Is Economy?

Many companies issue shares to get money, with which they buy new machines or new technology so that they can produce more and better.

What is a free market economy?

In the free market economy, only the goods that are needed by buyers are supplied by the manufacturers. If the supply is less than the demand, it leads to a price rise. Buyers cannot afford to purchase goods, as a result, the demand reduces and prices come down. So, the market regulates itself. In a managed economy the state decides the type and amount of goods that will be produced. It also determines the price of goods and the wedges of workers. The soviet union and the GDR had managed economies earlier.

What is Share?

The stock is the total amount invested in a company. This is divided into shares of specific values. Companies sell these shares to the public to raise money.

What Is The Term | Economy | Share | Insurance | Market | Mafia |services
What is Share?


By selling shares, the company gets money and the buyer gets a share of the assets of the company and can claim a corresponding part of its annual profit. The examples of major stock exchanges include the Tokyo Stock Exchange, London Stock Exchange, and Shangai Stock Exchange.

What is Mafia?

Today, the term MAFIA denotes organized groups that earn money by criminal activities such as drug and weapon trading, Smuggling, or human trafficking. Even the companies that use unfair or illegal means for their personal profit such as a dishonestly obtained multimillion construction order are also known as MAFIA. The original mafia arose about 200years ago on the Italian island of Sicily and its aim was to create wealth for the family. Some famous mafia bosses like Al Capone were imprisoned after a lot of efforts by the police.

Why is Insurance Important?

Insurance schemes make our life more secure. They protect us when something happens to us. For instance, health insurance pays for the medical costs in case illness life insurance pays a certain sum of money to the dependents in case of death, Dependents in case of death, and liability insurance pays for damage due to an accident.

What Is The Term | Economy | Share | Insurance | Market | Mafia |services
What is Insurance?


For this protection, you have to pay a certain amount of money called premium to the insurer. The system works because insurance companies get premium from a lot of people but have to pay out only to a few people in case of death, illness, or accidents.

What are Services?

Services are nonmaterial goods, i.e, all the things for which one pays, but cannot touch these include for instance consultation in a travel agency, a perm in a salon, repair of the washing machine, and the service in a restaurant.

What Is The Term | Economy | Share | Insurance | Market | Mafia |services
What are Services?



Trading was sone earlier mainly with goods like groceries and clothes. As people have lost their jobs to machines most people today do not work in production, Manufacture of cars, aircraft, and toys. They prefer to work in the services industries.