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2010 Subsidy Reform Plan
The economy of Iran includes a lot of subsidies. Food items, such as flour and cooking oil, are subsidized, along with fuels such as gasoline. However cutting subsidies can cause civil unrest. The Iranian targeted subsidy plan (), also known as the subsidy reform plan, was passed by the Iranian Parliament in 2010. The government described the subsidy plan as the "biggest surgery" to the nation's economy in half a century and "one of the most important undertakings in Iran's recent economic history". The goal of the subsidy reform plan is to replace subsidies on food and energy (80% of total) with targeted social assistance, in accordance with a Five Year Economic Development Plan and a move towards free market prices in a 5-year period. The subsidy reform plan is the most important part of a broader Iranian economic reform plan. According to the government, approximately $100 billion per year is spent on subsidizing energy prices ($45 billion for the prices of fuel alone) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gasoline
Gasoline ( North American English) or petrol ( Commonwealth English) is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When formulated as a fuel for engines, gasoline is chemically composed of organic compounds derived from the fractional distillation of petroleum and later chemically enhanced with gasoline additives. It is a high-volume profitable product produced in crude oil refineries. The ability of a particular gasoline blend to resist premature ignition (which causes knocking and reduces efficiency in reciprocating engines) is measured by its octane rating. Tetraethyl lead was once widely used to increase the octane rating but is not used in modern automotive gasoline due to the health hazard. Aviation, off-road motor vehicles, and racing car engines still use leaded gasolines. Other substances are frequently added to gasoline to improve chemical st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Per Capita Income
Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. In many countries, per capita income is determined using regular population surveys, such as the American Community Survey. This allows the calculation of per capita income for both the country as a whole and specific regions or demographic groups. However, comparing per capita income across different countries is often difficult, since methodologies, definitions and data quality can vary greatly. Since the 1990s, the OECD has conducted regular surveys among its 38 member countries using a standardized methodology and set of questions. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is also often used to measure a country's standard of living. When used to compare income levels of different countries, it is usually expressed using a commonly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry In Iran
Iran is an energy superpower mostly due to the petroleum industry in Iran. In 2004, Iran produced 5.1 percent of the world's total crude oil ( per day), which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency. At 2006 levels of production, oil proceeds represented about 18.7% of gross domestic product (GDP). However, the importance of the hydrocarbon sector to Iran's economy has been far greater. The oil and gas industry has been the engine of economic growth, directly affecting public development projects, the government's annual budget, and most foreign exchange sources. In FY 2009, the sector accounted for 60% of total government revenues and 80% of the total annual value of both exports and foreign currency earnings. Oil and gas revenues are affected by the value of crude oil on the international market. It has been estimated that at the Organization of the Petroleum Exporting Countries (OPEC) quota level ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Iran
The Central Bank of the Islamic Republic of Iran (CBI; ; SWIFT Code: BMJIIRTH), also known as ''Bank Markazi'', was established under the Iranian Banking and Monetary Act in 1960. It serves as the banker to the Iranian government and has the exclusive right of issuing banknote and coinage. CBI is tasked with maintaining the value of the Iranian rial and supervision of banks and credit institutions. It acts as custodian of the National Jewels, as well as foreign exchange and gold reserves of Iran. It is also a founding member of the Asian Clearing Union, controls gold and capital flows overseas, represents Iran in the International Monetary Fund (IMF) and internationally concludes payment agreements between Iran and other countries. In November 2023 after 50 years central bank was revamped fully and changed to include Islamic Republic Development Bank. The Central Bank was cyberattacked by IRLeaks in August 2024. The Iranian government was forced to pay ransom to the hacker ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Competitiveness Report
The ''Global Competitiveness Report'' (GCR) was a yearly report published by the World Economic Forum. Between 2004 and 2020, the ''Global Competitiveness Report'' ranked countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi."Sala-i-Martin, Xavier and Elsa V. Artadi, "The Global Competitiveness Index", ''Global Competitiveness Report'', Global Economic Forum 2004 Before that, the macroeconomic ranks were based on Jeffrey Sachs's ''Growth Development Index'' and the microeconomic ranks were based on Michael Porter's'' Business Competitiveness Index''. The ''Global Competitiveness Index'' integrates the macroeconomic and the micro/business aspects of competitiveness into a single index. The report "assesses the ability of countries to provide high levels of prosperity to their citizens". This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Conversion Efficiency
Energy conversion efficiency (''η'') is the ratio between the useful output of an energy conversion machine and the input, in energy terms. The input, as well as the useful output may be chemical, electric power, mechanical work, light (radiation), or heat. The resulting value, ''η'' (eta), ranges between 0 and 1. Overview Energy conversion efficiency depends on the usefulness of the output. All or part of the heat produced from burning a fuel may become rejected waste heat if, for example, work is the desired output from a thermodynamic cycle. Energy converter is an example of an energy transformation. For example, a light bulb falls into the categories energy converter. \eta = \frac Even though the definition includes the notion of usefulness, efficiency is considered a technical or physical term. Goal or mission oriented terms include effectiveness and efficacy. Generally, energy conversion efficiency is a dimensionless number between 0 and 1.0, or 0% to 100%. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Productivity
Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. The most common example is the (aggregate) labour productivity measure, one example of which is GDP per worker. There are many different definitions of productivity (including those that are not defined as ratios of output to input) and the choice among them depends on the purpose of the productivity measurement and data availability. The key source of difference between various productivity measures is also usually related (directly or indirectly) to how the outputs and the inputs are aggregated to obtain such a ratio-type measure of productivity. Productivity is a crucial factor in the production performance of firms and nations. Increasing national productivi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Justice
Social justice is justice in relation to the distribution of wealth, opportunities, and privileges within a society where individuals' rights are recognized and protected. In Western and Asian cultures, the concept of social justice has often referred to the process of ensuring that individuals fulfill their societal roles and receive their due from society. In the current movements for social justice, the emphasis has been on the breaking of barriers for social mobility, the creation of safety nets, and economic justice. Social justice assigns rights and duties in the institutions of society, which enables people to receive the basic benefits and burdens of cooperation. The relevant institutions often include taxation, social insurance, public health, public school, public services, labor law and regulation of markets, to ensure distribution of wealth, and equal opportunity. Modernist interpretations that relate justice to a reciprocal relationship to society a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tehran
Tehran (; , ''Tehrân'') is the capital and largest city of Iran. It is the capital of Tehran province, and the administrative center for Tehran County and its Central District (Tehran County), Central District. With a population of around 9.8 million in the city as of 2025, and 16.8 million in the metropolitan area, Tehran is the List of largest cities of Iran, most populous city in Iran and Western Asia, the Largest metropolitan areas of the Middle East, second-largest metropolitan area in the Middle East after Cairo, and the 24th most populous metropolitan area in the world. Greater Tehran includes several municipalities, including, Karaj, Eslamshahr, Shahriar, Tehran province, Shahriar, Qods, Iran, Qods, Malard, Golestan, Tehran, Golestan, Pakdasht, Qarchak, Nasimshahr, Parand, Pardis, Andisheh and Fardis. In the classical antiquity, part of the territory of present-day Tehran was occupied by Rhages (now Ray, Iran, Ray), a prominent Medes, Median city almost entirely des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Class In Iran
Social classes in Iran have been divided up into upper class, upper middle class, lower middle class, working class, independent farmers, and rural wage earners. A more recent source divides Iranian classes into upper, middle class (about 32% of the population in 2000), working class (about 45% of the labor force), and lower class. Former Iranian President Mahmoud Ahmadinejad says 60 percent of his country's wealth is controlled by just 300 people in Iran. The gini coefficient was 0.38 in 2010Central bank: Income equality improved in Iran . ''Tehran Times'', May 1, 2012. Retrieved May 2, 2012. and the at 0.74 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumerism
Consumerism is a socio-cultural and economic phenomenon that is typical of industrialized societies. It is characterized by the continuous acquisition of goods and services in ever-increasing quantities. In contemporary consumer society, the purchase and the consumption of products have evolved beyond the mere satisfaction of basic human needs, Stearns, Peter (2006). ''Consumerism in World History''. 2nd ed. Routledge. p. vii–viii. transforming into an activity that is not only economic but also cultural, social, and even identity-forming. It emerged in Western Europe and the United States during the Industrial Revolution and became widespread around the 20th century. In economics, consumerism refers to policies that emphasize consumption. It is the consideration that the free choice of consumers should strongly inform the choice by manufacturers of what is produced and how, and therefore influence the economic organization of a society. Consumerism has been criticized b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
