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BRIC (economics Term)
BRIC is an acronym describing the foreign investment strategies grouping of Brazil, Russia, India, and China. The term has been rendered as "the BRICs", "the BRIC countries", "the BRIC economies", and the "Big Four". It is a leading example of "acronym investing" where investments are targeted to a group of otherwise disparate markets which share a common feature. The term has been expanded by observers to include other countries such as South Africa (BRICS), Mexico (BRIMC), and South Korea (BRICK), among others. The term was first coined by British economist Jim O'Neill, Baron O'Neill of Gatley, Jim O'Neill and later championed by his employer Goldman Sachs in 2001. O'Neill identified the four countries as Emerging market, emerging markets and rising economic powers which were at a similar stage of newly advanced economic development. Goldman Sachs, of which O'Neill was the head of global economics research, would continue reporting and investing in their BRIC fund until 2015. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brazil
Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population, seventh-largest by population, with over 212 million people. The country is a federation composed of 26 Federative units of Brazil, states and a Federal District (Brazil), Federal District, which hosts the capital, Brasília. List of cities in Brazil by population, Its most populous city is São Paulo, followed by Rio de Janeiro. Brazil has the most Portuguese-speaking countries, Portuguese speakers in the world and is the only country in the Americas where Portuguese language, Portuguese is an Portuguese-speaking world, official language. Bounded by the Atlantic Ocean on the east, Brazil has a Coastline of Brazil, coastline of . Covering roughly half of South America's land area, it Borders of Brazil, borders all other countries and ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Brazil
The economy of Brazil is the largest in Latin America and the Southern Hemisphere in nominal terms. As of 2024, the Brazil, Brazilian economy is the third largest in the Americas in nominal terms, and second largest in purchasing power parity. It is an List of countries by GNI (nominal) per capita, upper-middle income Developing country, developing economy. In 2024, according to International Monetary Fund (IMF), Brazil had the List of countries by GDP (nominal), 10th largest nominal gross domestic product in the world, but the List of countries by GDP (PPP), 7th largest Purchasing power parity, purchasing power parity GDP in the world. In 2024, according to ''Forbes'', Brazil was the 7th largest country in the world by number of billionaires. Brazil is one of the ten chief Industry (economics), industrial states in the world according to International Labour Organization. According to the International Monetary Fund (IMF), Brazil's nominal GDP was US$2.331 trillion; the country ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Market
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market. However, sales to in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Policy Of India
The energy policy of India is to increase the locally produced energy in India and reduce energy poverty, with more focus on developing alternative energy, alternative sources of energy, particularly Nuclear power in India, nuclear, solar power in India, solar and Wind power in India, wind energy. Net energy import dependency was 40.9% in 2021-22. The primary energy consumption in India grew by 13.3% in FY2022-23 and is the third biggest with 6% global share after China and USA. The total primary energy consumption from coal (452.2 Mtoe; 45.88%), crude oil (239.1 Million Tonnes of Oil Equivalent, Mtoe; 29.55%), natural gas (49.9 Mtoe; 6.17%), nuclear energy (8.8 Mtoe; 1.09%), hydroelectricity (31.6 Mtoe; 3.91%) and Renewable energy in India, renewable power (27.5 Mtoe; 3.40%) is 809.2 Tonne of oil equivalent, Mtoe (excluding traditional biomass use) in the calendar year 2018. In 2018, India's net imports are nearly 205.3 million tons of crude oil and its products, 26.3 Mtoe of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advanced Economies
A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita. In 2025, 40 countries fit all three criteria, while an additional 21 countries fit two out of three. Developed countries have generally more advanced post-industrial economies, m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polity
A polity is a group of people with a collective identity, who are organized by some form of political Institutionalisation, institutionalized social relations, and have a capacity to mobilize resources. A polity can be any group of people organized for governance, such as the board of a corporation, the government of a country, or the government of a country subdivision. A polity may have various forms, such as a republic administered by an elected representative, the realm of a hereditary monarch, and others. The preeminent polities today are Westphalian sovereignty, Westphalian states and nation-states, commonly referred to as countries. Overview In geopolitics, a polity can manifest in different forms such as a State (polity), state, an empire, an international organization, a political organization or another identifiable, resource-manipulating organizational structure. A polity like a state does not need to be a Sovereignty, sovereign unit. The preeminent polities tod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Service (economics)
A service is an act or use for which a consumer, company, or government is willing to payment, pay. Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources, skill, ingenuity, and experience, service providers benefit service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer. Key characteristics Services have three key characteristics: Intangibility Services are by definition intangible. They are not manufactured, transported or stocked. One cannot store services for future use. They are produced and consumed simultaneously. Perishability Services are perishable in two regards: * Service-relevant resources, processes, and systems are assigned for service delivery during a specific period in time. If the service consumer does not request ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufactured Good
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike an intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good. When used in measures of national income and output, the term "final goods" includes only new goods. For example, gross domestic product (GDP) excludes items counted in an earlier year to prevent double counting based on resale of items. In that context, the economic definition of goods also includes what are commonly known as '' services''. Manufactured goods refer to products that have undergone processing or assembly, distinguishing them from raw materials. Law Various legal definitions exist for consumer products, depending on jurisdiction. One such definition is found in the United States' Consumer Product Safety Act, which provides extensive explanation of consumer products. CONSUMER PRODUCT.- The term ‘‘consumer product’� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social poli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concession (politics)
In politics, a concession is the act of a losing candidate publicly yielding to a winning candidate after an election after the overall result of the vote has become clear. A concession speech is usually made after an election. United States History The first time in the United States that a candidate lost a presidential election and privately conceded was Federalist Party, Federalist John Adams to Democratic-Republican Thomas Jefferson in 1800. In 1860, Northern Democratic Party, Northern Democrat Stephen Douglas conceded to Republican Party (United States), Republican Abraham Lincoln with the words: 'Partisan feeling must yield to patriotism. I'm with you, Mr. President, and God bless you.' However, during the country's first century, a public concession was the exception rather than the rule. The first "concession telegram" occurred when William Jennings Bryan sent William McKinley a message two days after the 1896 United States presidential election, 1896 US presidenti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emerging Market
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to ''The Economist'', many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. Emerging market economies’ share of global PPP-adjusted GDP has risen from 27 percent in 1960 to around 53 percent by 2013. The ten largest emerging economies by nominal GDP are 4 of the 9 BRICS countries (Brazil, Russia, India, and China) along with Mexico, South Korea, Indonesia, Turkey ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
