1.
Croatian kuna
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The kuna is the currency of Croatia, in use since 1994. It is subdivided into 100 lipa, the kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Monetary Institute. The word kuna means marten in Croatian since it is based on the use of marten pelts as units of value in medieval trading, the word lipa means linden tree. During Roman times, in the provinces of upper and lower Pannonia, hence, the Croatian word marturina or tax, derived from the Latin word martus. The kuna was a unit in several Slavic states, most notably Kievan Rus. It was equal to 1⁄25 gryvna of silver and it has no relation to the various Slavic currencies named koruna which means crown. In the Middle Ages, many foreign monies were used in Croatia, between 1260 and 1380, Croatian Viceroys issued a marten-adorned silver coin called the banovac. However, the autonomy of Croatia within the Croatian-Hungarian Kingdom led to the gradual disappearance of that currency in the 14th century. In 1941, when the Ustaše regime formed the Independent State of Croatia, the modern kuna was introduced on May 30,1994, starting a transitional period from the Croatian dinar, ending on December 31,1994. The exchange rate between dinar and kuna was 1 kuna =1000 dinars, since then, Croatia has been in a system of de facto currency board with a fixed exchanged rate. The kuna was pegged to the German mark from the start, with the replacement of the mark by the euro, the kunas peg effectively switched to the euro. The transition to the new currency went smoothly and the controversy blew over. The self-proclaimed Serbian entity Republic of Serbian Krajina did not use the kuna or the Croatian dinar, instead, they issued their own Krajina dinar until the region was reintegrated into Croatia in 1995. A long-time policy of the Croatian National Bank has been to keep the fluctuations of the exchange rate against the euro within a relatively stable range. The country joined the European Union on 1 July 2013 and it plans to join the European Monetary System, the kuna is expected to be replaced by the euro, even though the initial time estimate of two to three years after joining the European Union proved too short. In 1994, coins were introduced in denominations of 1,2,5,10,20 and 50 lipa,1,2,5 and 25 kuna. The coins are issued in two versions, one with the name of the plant or animal in Croatian, the other with the name in Latin, overall more coins have been minted with Croatian names than with names in Latin. Due to their low value,1 and 2 lipa coins are rarely used, since 2009, these coins are no longer minted, but the Croatian National Bank has stated that it had no plans for withdrawing them
2.
Fiscal year
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A fiscal year is the period used by governments for accounting and budget purposes, which vary between countries. It is also used for reporting by business and other organizations. Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, the calculation of tax on an annual basis is especially relevant for direct taxation, such as income tax. Many annual government fees—such as Council rates, licence fees, etc. —are also levied on a year basis. The fiscal year end is the date marks the end of the fiscal year. Some companies—such as Cisco Systems—end their fiscal year on the day of the week each year. Under such a system, some years will have 52 weeks. Many universities have a year which ends during the summer. In the northern hemisphere this is July to the next June, in the southern hemisphere this is calendar year, January to December. Some media/communication-based organizations use a broadcast calendar as the basis for their fiscal year, the American football league NFL uses the term league year, which in effect forms the leagues fiscal year. In Afghanistan, the year was recently changed from 1 Hamal –29 Hoot to 1 Jadi –30 Qaus. The fiscal year runs with the Afghan calendar, thus resulting in difference of the Gregorian dates once in a four-year span, in Australia, a fiscal year is commonly called a financial year and starts on 1 July and ends on the next 30 June. Financial years are designated by the year of the second half of the period. For example, financial year 2017 is the 12-month period ending on 30 June 2017 and it is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises. Business enterprises may opt to use a year that ends at the end of a week. All entities within the one group must use the financial year. The Commonwealth adopted the near-ubiquitous financial year standard since its inception in 1901, the reason given for the change was for convenience, as Parliament typically sits during May and June, while it was difficult for it to meet in November and December to pass a budget. In Austria the fiscal year is the year,1 January to 31 December
3.
Gross domestic product
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Gross Domestic Product is a monetary measure of the market value of all final goods and services produced in a period. Nominal GDP estimates are used to determine the economic performance of a whole country or region. The OECD defines GDP as a measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production. ”An IMF publication states that GDP measures the monetary value of final goods and services - that is. Total GDP can also be broken down into the contribution of industry or sector of the economy. The ratio of GDP to the population of the region is the per capita GDP. William Petty came up with a concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695, the modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934. In this report, Kuznets warned against its use as a measure of welfare, after the Bretton Woods conference in 1944, GDP became the main tool for measuring a countrys economy. The switch from GNP to GDP in the US was in 1991, the history of the concept of GDP should be distinguished from the history of changes in ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the sector, by financial industries. GDP can be determined in three ways, all of which should, in principle, give the same result and they are the production approach, the income approach, or the expenditure approach. The most direct of the three is the approach, which sums the outputs of every class of enterprise to arrive at the total. The income approach works on the principle that the incomes of the factors must be equal to the value of their product. This approach mirrors the OECD definition given above, deduct intermediate consumption from gross value to obtain the gross value added. Gross value added = gross value of output – value of intermediate consumption, value of output = value of the total sales of goods and services plus value of changes in the inventories. The sum of the value added in the various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products = GDP at producer price, for measuring output of domestic product, economic activities are classified into various sectors. Subtracting each sectors intermediate consumption from gross output gives the GDP at factor cost, adding indirect tax minus subsidies in GDP at factor cost gives the GDP at producer prices
4.
List of countries by GDP (nominal)
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Gross domestic product is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, such fluctuations may change a countrys ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. Comparisons of national wealth are also made on the basis of purchasing power parity. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures, india has also experienced a similar economic boom since the implementation of neoliberal reforms in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world and it was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States. Several economies which are not considered to be countries are included in the lists because they appear in the sources as distinct economies and these economies are italicized and not ranked in the charts, but are listed where applicable. List of countries by GDP List of countries by GDP per capita List of countries by GDP per capita
5.
List of countries by GDP (PPP)
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This article includes a list of countries by their gross domestic product, the value of all final goods and services produced within a state in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, the GDP dollar data given on this page are derived from purchasing power parity calculations. It is however limited when measuring financial flows between countries, PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. The first table includes estimates for the year 2016, for all current 187 International Monetary Fund members, as well as Hong Kong, data are in millions of international dollars and were calculated by the IMF. Figures were published in April 2015, the second table includes data mostly for the year 2015 for 180 of the 193 current United Nations member states, as well as the two Chinese Special Administrative Regions. Data are in billions of dollars and were compiled by the World Bank. The third table is a tabulation of the CIA World Factbook Gross Domestic Product data update of 2016, the data for GDP at purchasing power parity have also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. Click on one of the triangles in the headings to re-order the list according to that category. ^a Chinas PPP is based on prices for 11 administrative regions, extrapolated to the country. Chinas entry does not include the two administrative regions, namely Hong Kong and Macau. List of Muslim Countries by GDP Purchasing Power Parity at Materia Islamica
6.
Agriculture
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Agriculture is the cultivation and breeding of animals, plants and fungi for food, fiber, biofuel, medicinal plants and other products used to sustain and enhance human life. Agriculture was the key development in the rise of human civilization. The study of agriculture is known as agricultural science, the history of agriculture dates back thousands of years, and its development has been driven and defined by greatly different climates, cultures, and technologies. Industrial agriculture based on large-scale monoculture farming has become the dominant agricultural methodology, genetically modified organisms are an increasing component of agriculture, although they are banned in several countries. Agricultural food production and water management are increasingly becoming global issues that are fostering debate on a number of fronts, the major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials. Specific foods include cereals, vegetables, fruits, oils, meats, fibers include cotton, wool, hemp, silk and flax. Raw materials include lumber and bamboo, other useful materials are also produced by plants, such as resins, dyes, drugs, perfumes, biofuels and ornamental products such as cut flowers and nursery plants. The word agriculture is a late Middle English adaptation of Latin agricultūra, from ager, field, Agriculture usually refers to human activities, although it is also observed in certain species of ant, termite and ambrosia beetle. To practice agriculture means to use resources to produce commodities which maintain life, including food, fiber, forest products, horticultural crops. This definition includes arable farming or agronomy, and horticulture, all terms for the growing of plants, even then, it is acknowledged that there is a large amount of knowledge transfer and overlap between silviculture and agriculture. In traditional farming, the two are often combined even on small landholdings, leading to the term agroforestry, Agriculture began independently in different parts of the globe, and included a diverse range of taxa. At least 11 separate regions of the Old and New World were involved as independent centers of origin, wild grains were collected and eaten from at least 105,000 years ago. Pigs were domesticated in Mesopotamia around 15,000 years ago, rice was domesticated in China between 13,500 and 8,200 years ago, followed by mung, soy and azuki beans. Sheep were domesticated in Mesopotamia between 13,000 and 11,000 years ago. From around 11,500 years ago, the eight Neolithic founder crops, emmer and einkorn wheat, hulled barley, peas, lentils, bitter vetch, chick peas and flax were cultivated in the Levant. Cattle were domesticated from the aurochs in the areas of modern Turkey. In the Andes of South America, the potato was domesticated between 10,000 and 7,000 years ago, along with beans, coca, llamas, alpacas, sugarcane and some root vegetables were domesticated in New Guinea around 9,000 years ago. Sorghum was domesticated in the Sahel region of Africa by 7,000 years ago, cotton was domesticated in Peru by 5,600 years ago, and was independently domesticated in Eurasia at an unknown time
7.
Industry
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Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry, when a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and this came through many successive rapid advances in technology, such as the production of steel and coal. Following the Industrial Revolution, possibly a third of the economic output are derived that is from manufacturing industries. Many developed countries and many developing/semi-developed countries depend significantly on manufacturing industry, Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web of interdependence. Industries can be classified in a variety of ways, at the top level, industry is often classified according to the three-sector theory into sectors, primary, secondary, and tertiary. Some authors add quaternary or even quinary sectors, over time, the fraction of a societys industry within each sector changes. Below the economic sectors there are other more detailed industry classifications. These classification systems commonly divide industries according to functions and markets. Market-based classification systems such as the Global Industry Classification Standard and the Industry Classification Benchmark are used in finance, the International Standard Industrial Classification of all economic activities is the most complete and systematic industrial classification made by the United Nations Statistics Division. ISIC is a classification of economic activities arranged so that entities can be classified according to the activity they carry out. The Industrial Revolution led to the development of factories for large-scale production, originally the factories were steam-powered, but later transitioned to electricity once an electrical grid was developed. The mechanized assembly line was introduced to parts in a repeatable fashion. This led to significant increases in efficiency, lowering the cost of the end process, later automation was increasingly used to replace human operators. This process has accelerated with the development of the computer and the robot, historically certain manufacturing industries have gone into a decline due to various economic factors, including the development of replacement technology or the loss of competitive advantage. An example of the former is the decline in manufacturing when the automobile was mass-produced. A recent trend has been the migration of prosperous, industrialized nations towards a post-industrial society and this is manifested by an increase in the service sector at the expense of manufacturing, and the development of an information-based economy, the so-called informational revolution. In a post-industrial society, manufacturing is relocated to more favourable locations through a process of off-shoring
8.
Tertiary sector
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The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector, the basic characteristic of this sector is the production of services instead of end products. Services include attention, advice, access, experience, and discussion, the production of information has long been regarded as a service, but some economists now attribute it to a fourth sector, the quaternary sector. The tertiary sector of industry involves the provision of services to businesses as well as final consumers. The goods may be transformed in the process of providing the service, however, the focus is on people interacting with people and serving the customer rather than transforming physical goods. It is sometimes hard to define whether a company is part of the secondary or tertiary sector. These governmental classification systems have a hierarchy that reflects whether the economic goods are tangible or intangible. Unlike governmental classification systems, the first level of market-based classification systems divides the economy into functionally related markets or industries, the second or third level of these hierarchies then reflects whether goods or services are produced. For the last 100 years, there has been a shift from the primary and secondary sectors to the tertiary sector in industrialised countries. The tertiary sector is now the largest sector of the economy in the Western world and these are not necessarily busboys and live-in maids. Many of them are in the professional category and they are earning as much as manufacturing workers, and often more. The first economy to follow path in the modern world was the United Kingdom. The speed at which other economies have made the transition to service-based economies has increased over time, historically, manufacturing tended to be more open to international trade and competition than services. Service providers face obstacles selling services that goods-sellers rarely face, services are intangible, making it difficult for potential customers to understand what they will receive and what value it will hold for them. Indeed, some, such as consultants and providers of investment services, since the quality of most services depends largely on the quality of the individuals providing the services, people costs are usually a high fraction of service costs. Whereas a manufacturer may use technology, simplification, and other techniques to lower the cost of goods sold, for example, how does one choose one investment adviser over another, since they are often seen to provide identical services. Charging a premium for services is usually an option only for the most established firms, who charge extra based upon brand recognition
9.
Inflation
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In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time resulting in a loss of value of currency. When the price rises, each unit of currency buys fewer goods. Consequently, inflation reflects a reduction in the power per unit of money – a loss of real value in the medium of exchange. A chief measure of inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index. The opposite of inflation is deflation, Inflation affects economies in various positive and negative ways. Economists generally believe that high rates of inflation and hyperinflation are caused by a growth of the money supply. However, money supply growth does not necessarily cause inflation, some economists maintain that under the conditions of a liquidity trap, large monetary injections are like pushing on a string. Views on which factors determine low to moderate rates of inflation are more varied, low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities. However, the view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth. Today, most economists favor a low and steady rate of inflation, the task of keeping the rate of inflation low and stable is usually given to monetary authorities. Rapid increases in quantity of the money or in the money supply have occurred in many different societies throughout history. By diluting the gold with other metals, the government could issue more coins without also needing to increase the amount of used to make them. When the cost of each coin is lowered in this way and this practice would increase the money supply but at the same time the relative value of each coin would be lowered. As the relative value of the coins becomes lower, consumers would need to give more coins in exchange for the same goods and these goods and services would experience a price increase as the value of each coin is reduced. Song Dynasty China introduced the practice of printing paper money in order to create fiat currency, during the Mongol Yuan Dynasty, the government spent a great deal of money fighting costly wars, and reacted by printing more money, leading to inflation. Fearing the inflation that plagued the Yuan dynasty, the Ming Dynasty initially rejected the use of paper money, historically, large infusions of gold or silver into an economy also led to inflation. This was largely caused by the influx of gold and silver from the New World into Habsburg Spain. The silver spread throughout a previously cash-starved Europe and caused widespread inflation, demographic factors also contributed to upward pressure on prices, with European population growth after depopulation caused by the Black Death pandemic
10.
Consumer price index
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A consumer price index measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of items whose prices are collected periodically. It is one of several price indices calculated by most national statistical agencies, the annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices, in most countries, the CPI is, along with the population census one of the most closely watched national economic statistics. Basic types of data that are needed to construct the CPI, price data, the price data are collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times. The weighting data are estimates of the shares of the different types of expenditure in the total expenditure covered by the index, therefore, the sampling variance cannot be calculated. In any case, an estimate is required in most of the purposes for which the index is used. These indices compare prices each month with prices in the price-reference month and it takes time to assemble and process the information used for weighting which, in addition to household expenditure surveys, may include trade and tax data. Ideally, the weights would relate to the composition of expenditure during the time between the month and the current month. There is a large technical economics literature on index formulae which would approximate this, such an index would show how consumer expenditure would have to move to compensate for price changes so as to allow consumers to maintain a constant standard of living. Approximations can only be computed retrospectively, whereas the index has to appear monthly and, preferably, the coverage of the index may be limited. Saving and investment are always excluded, though the prices paid for services provided by financial intermediaries may be included along with insurance. The index reference period, usually called the year, often differs both from the weight-reference period and the price reference period. This is just a matter of rescaling the whole time-series to make the value for the index reference-period equal to 100. Current Item Price = Base Year Price × Current CPI Base Year CPI or CPI2 CPI1 = Price 2 Price 1 Where 1 is usually the comparison year, alternatively, the CPI can be performed as CPI = updated cost base period cost ×100. The updated cost is divided by that of the initial year, many but not all price indices are weighted averages using weights that sum to 1 or 100. Example, The prices of 85,000 items from 22,000 stores, and 35,000 rental units are added together and averaged. They are weighted this way, Housing,41. 4%, Food and Beverage,17. 4%, Transport,17. 0%, Medical Care,6. 9%, Other,6. 9%, Apparel,6. 0%, Entertainment,4. 4%
11.
Poverty threshold
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The poverty threshold, poverty limit or poverty line is the minimum level of income deemed adequate in a particular country. In practice, like the definition of poverty, the official or common understanding of the poverty line is higher in developed countries than in developing countries. In 2008, the World Bank came out with a figure of $1.25 at 2005 purchasing-power parity, the new IPL replaces the $1.25 per day figure, which used 2005 data. Most scholars agree that it better reflects todays reality, particularly new price levels in developing countries, the common international poverty line has in the past been roughly $1 a day. At present the percentage of the population living under extreme poverty is likely to fall below 10% according to the World Bank projections released in 2015. Determining the poverty line is usually done by finding the total cost of all the resources that an average human adult consumes in one year. Individual factors are used to account for various circumstances, such as whether one is a parent, elderly. The poverty threshold may be adjusted annually, charles Booth, a pioneering investigator of poverty in London at the turn of the 20th century, popularised the idea of a poverty line, a concept originally conceived by the London School Board. Booth set the line at 10 to 20 shillings per week, to secure the necessaries of a healthy life, which included fuel and light, rent, food, clothing, and household and personal items. Based on data from leading nutritionists of the period, he calculated the cheapest price for the minimum calorific intake and nutritional balance necessary and he considered this amount to set his poverty line and concluded that 27. 84% of the total population of York lived below this poverty line. Rowntree distinguished between primary poverty, those lacking in income and secondary poverty, those who had enough income, Absolute poverty is the level of poverty as defined in terms of the minimal requirements necessary to afford minimal standards of food, clothing, health care and shelter. For the measure to be absolute, the line must be the same in different countries, cultures, such an absolute measure should look only at the individuals power to consume and it should be independent of any changes in income distribution. Notice that if real income in an economy increases. Measuring poverty by a threshold has the advantage of applying the same standard across different locations and time periods. For example, a living in far northern Scandinavia requires a source of heat during colder months. The term absolute poverty is sometimes used as a synonym for extreme poverty. Absolute poverty is the absence of resources to secure basic life necessities. It depends not only on income but also on access to services, safe drinking water, Water must not come solely from rivers and ponds, and must be available nearby
12.
Gini coefficient
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The Gini coefficient is a measure of statistical dispersion intended to represent the income or wealth distribution of a nations residents, and is the most commonly used measure of inequality. It was developed by the Italian statistician and sociologist Corrado Gini, the Gini coefficient measures the inequality among values of a frequency distribution. A Gini coefficient of zero expresses perfect equality, where all values are the same, a Gini coefficient of 1 expresses maximal inequality among values. However, a greater than one may occur if some persons represent negative contribution to the total. For larger groups, values close to or above 1 are very unlikely in practice, the exception to this is in the redistribution of wealth resulting in a minimum income for all people. When the population is sorted, if their distribution were to approximate a well known function. The Gini coefficient was proposed by Gini as a measure of inequality of income or wealth, the global income Gini coefficient in 2005 has been estimated to be between 0.61 and 0.68 by various sources. There are some issues in interpreting a Gini coefficient, the same value may result from many different distribution curves. The demographic structure should be taken into account, Countries with an aging population, or with a baby boom, experience an increasing pre-tax Gini coefficient even if real income distribution for working adults remains constant. Scholars have devised over a dozen variants of the Gini coefficient, the line at 45 degrees thus represents perfect equality of incomes. The Gini coefficient can then be thought of as the ratio of the area lies between the line of equality and the Lorenz curve over the total area under the line of equality. It is also equal to 2A and to 1 - 2B due to the fact that A + B =0.5. If all people have non-negative income, the Gini coefficient can theoretically range from 0 to 1, in practice, both extreme values are not quite reached. If negative values are possible, then the Gini coefficient could theoretically be more than 1, normally the mean is assumed positive, which rules out a Gini coefficient less than zero. An alternative approach would be to consider the Gini coefficient as half of the mean absolute difference. The effects of income policy due to redistribution can be seen in the linear relationships. An informative simplified case just distinguishes two levels of income, low and high, if the high income group is u % of the population and earns a fraction f % of all income, then the Gini coefficient is f − u. An actual more graded distribution with these same values u and f will always have a higher Gini coefficient than f − u, the proverbial case where the richest 20% have 80% of all income would lead to an income Gini coefficient of at least 60%
13.
Human Development Index
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The Human Development Index is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores higher HDI when the lifespan is higher, the level is higher. The 2010 Human Development Report introduced an Inequality-adjusted Human Development Index, while the simple HDI remains useful, it stated that the IHDI is the actual level of human development, and the HDI can be viewed as an index of potential human development. The origins of the HDI are found in the annual Human Development Reports produced by the Human Development Reports Office of the United Nations Development Programme, nobel laureate Amartya Sen, utilized Haqs work in his own work on human capabilities. The following three indices are used,1, Life Expectancy Index = LE −2085 −20 LEI is 1 when Life expectancy at birth is 85 and 0 when Life expectancy at birth is 20. Education Index = MYSI + EYSI22.1 Mean Years of Schooling Index = MYS15 Fifteen is the maximum of this indicator for 2025. 2.2 Expected Years of Schooling Index = EYS18 Eighteen is equivalent to achieving a degree in most countries. Income Index = ln − ln ln − ln II is 1 when GNI per capita is $75,000 and 0 when GNI per capita is $100. Finally, the HDI is the mean of the previous three normalized indices, HDI = LEI ⋅ EI ⋅ II3. Standard of living, as indicated by the logarithm of gross domestic product per capita at purchasing power parity. This methodology was used by the UNDP until their 2011 report, the formula defining the HDI is promulgated by the United Nations Development Programme. The 2016 Human Development Report by the United Nations Development Programme was released on March 21,2017, below is the list of the very high human development countries, = increase. The number in brackets represents the number of ranks the country has climbed relative to the ranking in the 2015 report, the Inequality-adjusted Human Development Index is a measure of the average level of human development of people in a society once inequality is taken into account. The rankings are not relative to the HDI list above due to the exclusion of countries which are missing IHDI data. Countries in the top quartile of HDI with a missing IHDI, New Zealand, Singapore, Hong Kong, Liechtenstein, Brunei, Qatar, Saudi Arabia, Andorra, United Arab Emirates, Bahrain, and Kuwait. The 2015 Human Development Report by the United Nations Development Programme was released on December 14,2015, below is the list of the very high human development countries, = increase. The number in brackets represents the number of ranks the country has climbed relative to the ranking in the 2014 report, the Inequality-adjusted Human Development Index is a measure of the average level of human development of people in a society once inequality is taken into account. Note, The green arrows, red arrows, and blue dashes represent changes in rank, the rankings are not relative to the HDI list above due to the exclusion of countries which are missing IHDI data
14.
Net pay
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In business, net income is an entitys income minus cost of goods sold, expenses and taxes for an accounting period. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit, net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a companys operating income to non-operating income, net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income, net earnings, often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is called the bottom line because it is typically found on the last line of a companys income statement. The items deducted will typically include tax expense, financing expense, likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, for a product company advertising, manufacturing, and design and development costs are included
15.
Chemical substance
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A chemical substance is a form of matter that has constant chemical composition and characteristic properties. It cannot be separated into components by physical methods, i. e. without breaking chemical bonds. Chemical substances can be chemical elements, chemical compounds, ions or alloys, Chemical substances are often called pure to set them apart from mixtures. A common example of a substance is pure water, it has the same properties. Other chemical substances commonly encountered in pure form are diamond, gold, table salt, however, in practice, no substance is entirely pure, and chemical purity is specified according to the intended use of the chemical. Chemical substances exist as solids, liquids, gases, or plasma, Chemical substances may be combined or converted to others by means of chemical reactions. Forms of energy, such as light and heat, are not matter, a chemical substance may well be defined as any material with a definite chemical composition in an introductory general chemistry textbook. According to this definition a chemical substance can either be a chemical element or a pure chemical compound. But, there are exceptions to this definition, a substance can also be defined as a form of matter that has both definite composition and distinct properties. The chemical substance index published by CAS also includes several alloys of uncertain composition, in geology, substances of uniform composition are called minerals, while physical mixtures of several minerals are defined as rocks. Many minerals, however, mutually dissolve into solid solutions, such that a rock is a uniform substance despite being a mixture in stoichiometric terms. Feldspars are an example, anorthoclase is an alkali aluminium silicate. In law, chemical substances may include both pure substances and mixtures with a composition or manufacturing process. For example, the EU regulation REACH defines monoconstituent substances, multiconstituent substances and substances of unknown or variable composition, the latter two consist of multiple chemical substances, however, their identity can be established either by direct chemical analysis or reference to a single manufacturing process. For example, charcoal is a complex, partially polymeric mixture that can be defined by its manufacturing process. Therefore, although the chemical identity is unknown, identification can be made to a sufficient accuracy. The CAS index also includes mixtures, polymers almost always appear as mixtures of molecules of multiple molar masses, each of which could be considered a separate chemical substance. However, the polymer may be defined by a precursor or reaction
16.
Plastic
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Plastic is a material consisting of any of a wide range of synthetic or semi-synthetic organic compounds that are malleable and can be molded into solid objects. Plastics are typically organic polymers of high mass, but they often contain other substances. They are usually synthetic, most commonly derived from petrochemicals, due to their relatively low cost, ease of manufacture, versatility, and imperviousness to water, plastics are used in an enormous and expanding range of products, from paper clips to spaceships. They have already displaced many traditional materials, such as wood, stone, horn and bone, leather, paper, metal, glass, and ceramic, in most of their former uses. In developed countries, about a third of plastic is used in packaging, other uses include automobiles, furniture, and toys. In the developing world, the ratios may be different - for example, the worlds first fully synthetic plastic was bakelite, invented in New York in 1907 by Leo Baekeland who coined the term plastics. Toward the end of the century, one approach to this problem was met with wide efforts toward recycling, the word plastic is derived from the Greek πλαστικός meaning capable of being shaped or molded, from πλαστός meaning molded. The common word plastic should not be confused with the technical adjective plastic, used for insulating parts in electrical fixtures, paper laminated products, thermally insulation foams. Problems include the probability of moldings naturally being dark colors, One of the most expensive commercial polymers. It forms the basis of artistic and commercial acrylic paints when suspended in water with the use of other agents, polytetrafluoroethylene – Heat-resistant, low-friction coatings, used in things like non-stick surfaces for frying pans, plumbers tape and water slides. It is more known as Teflon. Urea-formaldehyde – One of the aminoplasts and used as an alternative to phenolics. Used as an adhesive and electrical switch housings. Early plastics were bio-derived materials such as egg and blood proteins, in 1600 BC, Mesoamericans used natural rubber for balls, bands, and figurines. Treated cattle horns were used as windows for lanterns in the Middle Ages, materials that mimicked the properties of horns were developed by treating milk-proteins with lye. In the 1800s, as industrial chemistry developed during the Industrial Revolution, the development of plastics also accelerated with Charles Goodyears discovery of vulcanization to thermoset materials derived from natural rubber. Parkesine is considered the first man-made plastic, the plastic material was patented by Alexander Parkes, In Birmingham, UK in 1856. It was unveiled at the 1862 Great International Exhibition in London, parkesine won a bronze medal at the 1862 Worlds fair in London
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Machine tool
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A machine tool is a machine for shaping or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformation. Machine tools employ some sort of tool that does the cutting or shaping, all machine tools have some means of constraining the workpiece and provide a guided movement of the parts of the machine. Thus the relative movement between the workpiece and the tool is controlled or constrained by the machine to at least some extent. The precise definition of the machine tool varies among users. While all machine tools are machines that help people to make things, today machine tools are typically powered other than by human muscle, used to make manufactured parts in various ways that include cutting or certain other kinds of deformation. With their inherent precision, machine tools enabled the production of interchangeable parts. In this view of the definition, the term, arising at a time when all tools up till then had been hand tools and this lathe produced screw threads out of wood and employed a true compound slide rest. The mechanical toolpath guidance grew out of various concepts, First is the spindle concept itself. The machine slide, which has many forms, such as dovetail ways, box ways, Machine slides constrain tool or workpiece movement linearly. If a stop is added, the length of the line can also be accurately controlled, tracing, which involves following the contours of a model or template and transferring the resulting motion to the toolpath. Cam operation, which is related in principle to tracing but can be a step or two removed from the traced elements matching the reproduced elements final shape. For example, several cams, no one of which matches the desired output shape. Abstractly programmable toolpath guidance began with mechanical solutions, such as in musical box cams, later, electromechanical solutions and soon electronic solutions were added, leading to numerical control and computer numerical control. The value that machine tools added to these human talents is in the areas of rigidity, accuracy and precision, efficiency, as an example, it is physically possible to make interchangeable screws, bolts, and nuts entirely with freehand toolpaths. But it is practical to make them only with machine tools. In the 1930s, the U. S. National Bureau of Economic Research referenced the definition of a tool as any machine operating by other than hand power which employs a tool to work on metal. The narrowest colloquial sense of the reserves it only for machines that perform metal cutting—in other words. These processes are a type of deformation that produces swarf, thus presses are usually included in the economic definition of machine tools
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Fabrication (metal)
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Metal fabrication is the building of metal structures by cutting, bending, and assembling processes. It is a value added process that involves the construction of machines and structures from various raw materials, a fab shop will bid on a job, usually based on the engineering drawings, and if awarded the contract will build the product. Large fab shops will employ a multitude of value added processes in one plant or facility including welding, cutting, forming and machining and these large fab shops offer additional value to their customers by limiting the need for purchasing personnel to locate multiple vendors for different services. Metal fabrication jobs usually start with shop drawings including precise measurements then move to the fabrication stage, fabrication shops are employed by contractors, OEMs and VARs. Typical projects include loose parts, structural frames for buildings and heavy equipment, cutting is done by sawing, shearing, or chiseling, torching with hand-held torches, and via numerical control cutters. Bending is done by hammering or via press brakes and similar tools, modern metal fabricators use press brakes to either coin or air-bend metal sheet into form. CNC-controlled backgauges use hard stops to position cut parts in order to place bend lines in the correct position, off-line programing software now makes programing the CNC-controlled press brakes seamless and very efficient. Assembling is done by welding, binding with adhesives, riveting, threaded fasteners, structural steel and sheet metal are the usual starting materials for fabrication, along with the welding wire, flux, and fasteners that will join the cut pieces. As with other manufacturing processes, both labor and automation are commonly used. The product resulting from fabrication may be called a fabrication, shops that specialize in this type of metal work are called fab shops. By comparison, machine shops also cut metal, but they are concerned with the machining of parts on machine tools. Firms that encompass both fab work and machining are also common, blacksmithing has always involved fabrication, although it was not always called by that name. The products produced by welders, which are referred to as weldments, are an example of fabrication. Boilermakers originally specialized in boilers, leading to their trades name, similarly, millwrights originally specialized in setting up grain mills and saw mills, but today they may be called upon for a broad range of fabrication work. Ironworkers, also known as steel erectors, also engage in fabrication, often the fabrications for structural work begin as prefabricated segments in a fab shop, then are moved to the site by truck, rail, or barge, and finally are installed by erectors. Standard raw materials used by metal fabricators are, plate metal formed and expanded metal tube stock and this is done with a variety of tools. The most common way to cut material is by Shearing, Special band saws designed for cutting metal have hardened blades, abrasive cut-off saws, also known as chop saws, are similar to miter saws but with a steel cutting abrasive disk. Cutting torches can cut very large sections of steel with little effort, burn tables are CNC cutting torches, usually natural gas powered
19.
Electronics
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Electronics is the science of controlling electrical energy electrically, in which the electrons have a fundamental role. Commonly, electronic devices contain circuitry consisting primarily or exclusively of active semiconductors supplemented with passive elements, the science of electronics is also considered to be a branch of physics and electrical engineering. The ability of electronic devices to act as switches makes digital information processing possible, until 1950 this field was called radio technology because its principal application was the design and theory of radio transmitters, receivers, and vacuum tubes. Today, most electronic devices use semiconductor components to perform electron control and this article focuses on engineering aspects of electronics. Components are generally intended to be connected together, usually by being soldered to a circuit board. Components may be packaged singly, or in more complex groups as integrated circuits, some common electronic components are capacitors, inductors, resistors, diodes, transistors, etc. Components are often categorized as active or passive, vacuum tubes were among the earliest electronic components. They were almost solely responsible for the revolution of the first half of the Twentieth Century. They took electronics from parlor tricks and gave us radio, television, phonographs, radar, long distance telephony and they played a leading role in the field of microwave and high power transmission as well as television receivers until the middle of the 1980s. Since that time, solid state devices have all but completely taken over, vacuum tubes are still used in some specialist applications such as high power RF amplifiers, cathode ray tubes, specialist audio equipment, guitar amplifiers and some microwave devices. The 608 contained more than 3,000 germanium transistors, thomas J. Watson Jr. ordered all future IBM products to use transistors in their design. From that time on transistors were almost exclusively used for computer logic, circuits and components can be divided into two groups, analog and digital. A particular device may consist of circuitry that has one or the other or a mix of the two types, most analog electronic appliances, such as radio receivers, are constructed from combinations of a few types of basic circuits. Analog circuits use a range of voltage or current as opposed to discrete levels as in digital circuits. The number of different analog circuits so far devised is huge, especially because a circuit can be defined as anything from a single component, analog circuits are sometimes called linear circuits although many non-linear effects are used in analog circuits such as mixers, modulators, etc. Good examples of analog circuits include vacuum tube and transistor amplifiers, one rarely finds modern circuits that are entirely analog. These days analog circuitry may use digital or even microprocessor techniques to improve performance and this type of circuit is usually called mixed signal rather than analog or digital. Sometimes it may be difficult to differentiate between analog and digital circuits as they have elements of both linear and non-linear operation, an example is the comparator which takes in a continuous range of voltage but only outputs one of two levels as in a digital circuit
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Pig iron
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Pig iron is an intermediate product of the iron industry. Pig iron is made by smelting iron ore into an ingot of impure high carbon-content iron in a blast furnace as an ingredient for further processing steps. When the metal had cooled and hardened, the ingots were simply broken from the runner. As pig iron is intended for remelting, the size of the ingots. Smelting and producing pig iron and other products was known to the Ancient Egyptians. The Roman Empire and later the Muslim caliphates of the Middle Ages inherited and refined these technologies, because of the collapse of the Western Roman Empire, Western Europe did not rediscover the process until the Late Middle Ages. The phase transition of the iron into liquid in the furnace was an avoided phenomenon, the Chinese were also making pig iron by the later Zhou Dynasty. Traditionally pig iron was worked into wrought iron in forges, later puddling furnaces. In these processes, pig iron is melted and a current of air is directed over it while it is stirred or agitated. This causes the dissolved impurities to be thoroughly oxidized, an intermediate product of puddling is known as refined pig iron, finers metal, or refined iron. Pig iron can also be used to produce gray iron and this is achieved by remelting pig iron, often along with substantial quantities of steel and scrap iron, removing undesirable contaminants, adding alloys, and adjusting the carbon content. Some pig iron grades are suitable for producing ductile iron and these are high purity pig irons and depending on the grade of ductile iron being produced these pig irons may be low in the elements silicon, manganese, sulfur and phosphorus. These types of pig irons are used to all the elements in a ductile iron charge which may be harmful to the ductile iron process. Earlier processes for this included the finery forge, the furnace, the Bessemer process. Modern pig casting machines produce stick pigs, which break into smaller 4–10 kg piglets at discharge
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Rolling (metalworking)
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In metalworking, rolling is a metal forming process in which metal stock is passed through one or more pairs of rolls to reduce the thickness and to make the thickness uniform. The concept is similar to the rolling of dough, Rolling is classified according to the temperature of the metal rolled. If the temperature of the metal is above its recrystallization temperature, if the temperature of the metal is below its recrystallization temperature, the process is known as cold rolling. In terms of usage, hot rolling processes more tonnage than any other manufacturing process, Roll stands holding pairs of rolls are grouped together into rolling mills that can quickly process metal, typically steel, into products such as structural steel, bar stock, and rails. Most steel mills have rolling mill divisions that convert the semi-finished casting products into finished products, there are many types of rolling processes, including ring rolling, roll bending, roll forming, profile rolling, and controlled rolling. The invention of the mill in Europe may be attributed to Leonardo da Vinci in his drawings. The earliest rolling mills in crude form but the basic principles were found in Middle East. Earliest rolling mills were slitting mills, which were introduced from what is now Belgium to England in 1590 and these passed flat bars between rolls to form a plate of iron, which was then passed between grooved rolls to produce rods of iron. The first experiments at rolling iron for tinplate took place about 1670, in 1697, Major John Hanbury erected a mill at Pontypool to roll Pontypool plates—blackplate. Later this began to be rerolled and tinned to make tinplate, the earlier production of plate iron in Europe had been in forges, not rolling mills. The slitting mill was adapted to producing hoops and iron with a half-round or other sections by means that were the subject of two patents of c. Some of the earliest literature on rolling mills can be traced back to Christopher Polhem in 1761 in Patriotista Testamente and he also explains how rolling mills can save on time and labor because a rolling mill can produce 10 to 20 or more bars at the same time. A patent was granted to Thomas Blockley of England in 1759 for the polishing and rolling of metals, another patent was granted in 1766 to Richard Ford of England for the first tandem mill. A tandem mill is one in which the metal is rolled in successive stands, Fords tandem mill was for hot rolling of wire rods, Rolling mills for lead seem to have existed by the late 17th century. Copper and brass were also rolled by the late 18th century, modern rolling practice can be attributed to the pioneering efforts of Henry Cort of Funtley Iron Mills, near Fareham, England. In 1783 a patent was issued to Henry Cort for his use of grooved rolls for rolling iron bars, with this new design mills were able to produce 15 times more output per day than with a hammer. Although Cort was not the first to use grooved rolls, he was first to combine the use of many of the best features of various ironmaking and shaping processes known at the time, thus modern writers have called him father of modern rolling. The first rail rolling mill was established by John Birkenshaw in 1820, with the advancement of technology in rolling mills the size of rolling mills grew rapidly along with the size products being rolled
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Aluminium
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Aluminium or aluminum is a chemical element in the boron group with symbol Al and atomic number 13. It is a silvery-white, soft, nonmagnetic, ductile metal, Aluminium metal is so chemically reactive that native specimens are rare and limited to extreme reducing environments. Instead, it is combined in over 270 different minerals. The chief ore of aluminium is bauxite, Aluminium is remarkable for the metals low density and its ability to resist corrosion through the phenomenon of passivation. Aluminium and its alloys are vital to the industry and important in transportation and structures, such as building facades. The oxides and sulfates are the most useful compounds of aluminium, despite its prevalence in the environment, no known form of life uses aluminium salts metabolically, but aluminium is well tolerated by plants and animals. Because of these salts abundance, the potential for a role for them is of continuing interest. Aluminium is a soft, durable, lightweight, ductile. It is nonmagnetic and does not easily ignite, a fresh film of aluminium serves as a good reflector of visible light and an excellent reflector of medium and far infrared radiation. The yield strength of aluminium is 7–11 MPa, while aluminium alloys have yield strengths ranging from 200 MPa to 600 MPa. Aluminium has about one-third the density and stiffness of steel and it is easily machined, cast, drawn and extruded. Aluminium atoms are arranged in a cubic structure. Aluminium has an energy of approximately 200 mJ/m2. Aluminium is a thermal and electrical conductor, having 59% the conductivity of copper. Aluminium is capable of superconductivity, with a critical temperature of 1.2 kelvin. Aluminium is the most common material for the fabrication of superconducting qubits, the strongest aluminium alloys are less corrosion resistant due to galvanic reactions with alloyed copper. This corrosion resistance is reduced by aqueous salts, particularly in the presence of dissimilar metals. In highly acidic solutions, aluminium reacts with water to form hydrogen, primarily because it is corroded by dissolved chlorides, such as common sodium chloride, household plumbing is never made from aluminium
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Paper
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Paper is a thin material produced by pressing together moist fibres of cellulose pulp derived from wood, rags or grasses, and drying them into flexible sheets. It is a material with many uses, including writing, printing, packaging, cleaning. The modern pulp and paper industry is global, with China leading its production, the oldest known archaeological fragments of the immediate precursor to modern paper, date to the 2nd century BC in China. The pulp papermaking process is ascribed to Cai Lun, a 2nd-century AD Han court eunuch, with paper as an effective substitute for silk in many applications, China could export silk in greater quantity, contributing to a Golden Age. Because of papers introduction to the West through the city of Baghdad, in the 19th century, industrial manufacture greatly lowered its cost, enabling mass exchange of information and contributing to significant cultural shifts. In 1844, the Canadian inventor Charles Fenerty and the German F. G. Keller independently developed processes for pulping wood fibres, before the industrialisation of the paper production the most common fibre source was recycled fibres from used textiles, called rags. The rags were from hemp, linen and cotton, a process for removing printing inks from recycled paper was invented by German jurist Justus Claproth in 1774. Today this method is called deinking and it was not until the introduction of wood pulp in 1843 that paper production was not dependent on recycled materials from ragpickers. The word paper is etymologically derived from Latin papyrus, which comes from the Greek πάπυρος, although the word paper is etymologically derived from papyrus, the two are produced very differently and the development of the first is distinct from the development of the second. Papyrus is a lamination of natural plant fibres, while paper is manufactured from fibres whose properties have changed by maceration. To make pulp from wood, a chemical pulping process separates lignin from cellulose fibres and this is accomplished by dissolving lignin in a cooking liquor, so that it may be washed from the cellulose, this preserves the length of the cellulose fibres. Paper made from chemical pulps are also known as wood-free papers–not to be confused with paper, this is because they do not contain lignin. The pulp can also be bleached to produce paper, but this consumes 5% of the fibres, chemical pulping processes are not used to make paper made from cotton. There are three main chemical pulping processes, the process dates back to the 1840s and it was the dominant method extent before the second world war. Most pulping operations using the process are net contributors to the electricity grid or use the electricity to run an adjacent paper mill. Another advantage is that this process recovers and reuses all inorganic chemical reagents, soda pulping is another specialty process used to pulp straws, bagasse and hardwoods with high silicate content. There are two major mechanical pulps, thermomechanical pulp and groundwood pulp, in the TMP process, wood is chipped and then fed into steam heated refiners, where the chips are squeezed and converted to fibres between two steel discs. In the groundwood process, debarked logs are fed into grinders where they are pressed against rotating stones to be made into fibres
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Wood
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Wood is a porous and fibrous structural tissue found in the stems and roots of trees, and other woody plants. It is a material, a natural composite of cellulose fibers which are strong in tension embedded in a matrix of lignin which resists compression. Wood is sometimes defined as only the secondary xylem in the stems of trees, in a living tree it performs a support function, enabling woody plants to grow large or to stand up by themselves. It also conveys water and nutrients between the leaves, other growing tissues, and the roots, Wood may also refer to other plant materials with comparable properties, and to material engineered from wood, or wood chips or fiber. In 2005, the stock of forests worldwide was about 434 billion cubic meters. As an abundant, carbon-neutral renewable resource, woody materials have been of intense interest as a source of renewable energy, in 1991 approximately 3.5 billion cubic meters of wood were harvested. Dominant uses were for furniture and building construction, a 2011 discovery in the Canadian province of New Brunswick discovered the earliest known plants to have grown wood, approximately 395 to 400 million years ago. Wood can be dated by carbon dating and in species by dendrochronology to make inferences about when a wooden object was created. People have used wood for millennia for many purposes, primarily as a fuel or as a material for making houses, tools, weapons, furniture, packaging, artworks. Constructions using wood date back ten thousand years, buildings like the European Neolithic long house were made primarily of wood. Recent use of wood has changed by the addition of steel. The year-to-year variation in tree-ring widths and isotopic abundances gives clues to the climate at that time. This process is known as growth, it is the result of cell division in the vascular cambium, a lateral meristem. These cells then go on to form thickened secondary cell walls, composed mainly of cellulose, hemicellulose, if the distinctiveness between seasons is annual, these growth rings are referred to as annual rings. Where there is little seasonal difference growth rings are likely to be indistinct or absent, if the bark of the tree has been removed in a particular area, the rings will likely be deformed as the plant overgrows the scar. It is usually lighter in color than that near the portion of the ring. The outer portion formed later in the season is known as the latewood or summerwood. However, there are differences, depending on the kind of wood
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Textiles
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A textile or cloth is a flexible material consisting of a network of natural or artificial fibres. Yarn is produced by spinning raw fibres of wool, flax, cotton, hemp, Textiles are formed by weaving, knitting, crocheting, knotting, or felting. The words fabric and cloth are used in textile assembly trades as synonyms for textile, however, there are subtle differences in these terms in specialized usage. Textile refers to any material made of interlacing fibres, a fabric is a material made through weaving, knitting, spreading, crocheting, or bonding that may be used in production of further goods. Cloth may be used synonymously with fabric but is often a piece of fabric used for a specific purpose. The word textile is from Latin, from the adjective textilis, meaning woven, from textus, the word cloth derives from the Old English clað, meaning a cloth, woven or felted material to wrap around one, from Proto-Germanic kalithaz. The discovery of dyed flax fibres in a cave in the Republic of Georgia dated to 34,000 BCE suggests textile-like materials were made even in prehistoric times. The production of textiles is a craft whose speed and scale of production has been altered almost beyond recognition by industrialization, however, for the main types of textiles, plain weave, twill, or satin weave, there is little difference between the ancient and modern methods. Textiles have an assortment of uses, the most common of which are for clothing and for such as bags. In the household they are used in carpeting, upholstered furnishings, window shades, towels, coverings for tables, beds, and other flat surfaces, in the workplace they are used in industrial and scientific processes such as filtering. Textiles are used in traditional crafts such as sewing, quilting. Textiles for industrial purposes, and chosen for other than their appearance, are commonly referred to as technical textiles. Technical textiles include textile structures for applications, medical textiles, geotextiles, agrotextiles. In all these applications stringent performance requirements must be met, woven of threads coated with zinc oxide nanowires, laboratory fabric has been shown capable of self-powering nanosystems using vibrations created by everyday actions like wind or body movements. Fashion designers commonly rely on textile designs to set their fashion collections apart from others, armani, the late Gianni Versace, and Emilio Pucci can be easily recognized by their signature print driven designs. Textiles can be made from many materials and these materials come from four main sources, animal, plant, mineral, and synthetic. In the past, all textiles were made from natural fibres, including plant, animal, in the 20th century, these were supplemented by artificial fibres made from petroleum. Textiles are made in various strengths and degrees of durability, from the finest gossamer to the sturdiest canvas, microfibre refers to fibres made of strands thinner than one denier
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Shipbuilding
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Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history, Shipbuilding and ship repairs, both commercial and military, are referred to as naval engineering. The construction of boats is an activity called boat building. The dismantling of ships is called ship breaking, the ancestors of Australian Aborigines and New Guineans also went across the Lombok Strait to Sahul by boat over 50,000 years ago. Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a ship hull as early as 3000 BC, the Archaeological Institute of America reports that some of the oldest ships yet unearthed are known as the Abydos boats. These are a group of 14 ships discovered in Abydos that were constructed of wooden planks which were sewn together, the ship dating to 3000 BC was about 25 m,75 feet long and is now thought to perhaps have belonged to an earlier pharaoh. According to professor OConnor, the 5, 000-year-old ship may have belonged to Pharaoh Aha. Early Egyptians also knew how to assemble planks of wood with treenails to fasten them together, early Egyptians also knew how to fasten the planks of this ship together with mortise and tenon joints. The oldest known tidal dock in the world was built around 2500 BC during the Harappan civilisation at Lothal near the present day Mangrol harbour on the Gujarat coast in India, other ports were probably at Balakot and Dwarka. However, it is probable that many small-scale ports, and not massive ports, were used for the Harappan maritime trade, ships from the harbour at these ancient port cities established trade with Mesopotamia. Shipbuilding and boatmaking may have been prosperous industries in ancient India, native labourers may have manufactured the flotilla of boats used by Alexander the Great to navigate across the Hydaspes and even the Indus, under Nearchos. The Indians also exported teak for shipbuilding to ancient Persia, other references to Indian timber used for shipbuilding is noted in the works of Ibn Jubayr. The ships of Ancient Egypts Eighteenth Dynasty were typically about 25 meters in length and they mounted a single square sail on a yard, with an additional spar along the bottom of the sail. These ships could also be oar propelled, the ocean and sea going ships of Ancient Egypt were constructed with cedar wood, most likely hailing from Lebanon. The ships of Phoenicia seem to have been of a similar design, the naval history of China stems back to the Spring and Autumn period of the ancient Chinese Zhou Dynasty. The Chinese built large rectangular barges known as ships, which were essentially floating fortresses complete with multiple decks with guarded ramparts. There is considerable knowledge regarding shipbuilding and seafaring in the ancient Mediterranean and this was dually met with the introduction of the Han Dynasty junk ship design in the same century
27.
Petroleum
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Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earths surface, which is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation and it consists of hydrocarbons of various molecular weights and other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock, Petroleum has mostly been recovered by oil drilling. Drilling is carried out studies of structural geology, sedimentary basin analysis. Petroleum is used in manufacturing a variety of materials. Concern over the depletion of the earths finite reserves of oil, the burning of fossil fuels plays the major role in the current episode of global warming. The word petroleum comes from Greek, πέτρα for rocks and Greek, the term was found in 10th-century Old English sources. It was used in the treatise De Natura Fossilium, published in 1546 by the German mineralogist Georg Bauer, Petroleum, in one form or another, has been used since ancient times, and is now important across society, including in economy, politics and technology. Great quantities of it were found on the banks of the river Issus, ancient Persian tablets indicate the medicinal and lighting uses of petroleum in the upper levels of their society. By 347 AD, oil was produced from bamboo-drilled wells in China, early British explorers to Myanmar documented a flourishing oil extraction industry based in Yenangyaung that, in 1795, had hundreds of hand-dug wells under production. The mythological origins of the oil fields at Yenangyaung, and its hereditary monopoly control by 24 families, Pechelbronn is said to be the first European site where petroleum has been explored and used. The still active Erdpechquelle, a spring where petroleum appears mixed with water has been used since 1498, Oil sands have been mined since the 18th century. In Wietze in lower Saxony, natural asphalt/bitumen has been explored since the 18th century, both in Pechelbronn as in Wietze, the coal industry dominated the petroleum technologies. In 1848 Young set up a small business refining the crude oil, Young eventually succeeded, by distilling cannel coal at a low heat, in creating a fluid resembling petroleum, which when treated in the same way as the seep oil gave similar products. The production of oils and solid paraffin wax from coal formed the subject of his patent dated 17 October 1850. In 1850 Young & Meldrum and Edward William Binney entered into partnership under the title of E. W. Binney & Co. at Bathgate in West Lothian, the worlds first oil refinery was built in 1856 by Ignacy Łukasiewicz. The demand for petroleum as a fuel for lighting in North America, edwin Drakes 1859 well near Titusville, Pennsylvania, is popularly considered the first modern well
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Petroleum refining
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Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units. In many ways, oil refineries use much of the technology of, the crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products, an oil refinery is considered an essential part of the downstream side of the petroleum industry. The lighter elements, however, form explosive vapors in the tanks and are therefore hazardous. Petroleum fossil fuels are burned in internal combustion engines to power for ships, automobiles, aircraft engines, lawn mowers, dirt bikes. Different boiling points allow the hydrocarbons to be separated by distillation, Oil can be used in a variety of ways because it contains hydrocarbons of varying molecular masses, forms and lengths such as paraffins, aromatics, naphthenes, alkenes, dienes, and alkynes. Once separated and purified of any contaminants and impurities, the fuel or lubricant can be sold without further processing, smaller molecules such as isobutane and propylene or butylenes can be recombined to meet specific octane requirements by processes such as alkylation, or more commonly, dimerization. The octane grade of gasoline can also be improved by catalytic reforming, the final step in gasoline production is the blending of fuels with different octane ratings, vapor pressures, and other properties to meet product specifications. Another method for reprocessing and upgrading these intermediate products uses a process to separate usable oil from the waste asphaltene material. Oil refineries are large plants, processing about a hundred thousand to several hundred thousand barrels of crude oil a day. Because of the capacity, many of the units operate continuously, as opposed to processing in batches. The high capacity also makes process optimization and advanced process control very desirable, petroleum products are usually grouped into four categories, light distillates, middle distillates, heavy distillates and residuum. This classification is based on the way crude oil is distilled and separated into fractions as in the above drawing and these are not usually transported but instead are blended or processed further on-site. Chemical plants are often adjacent to oil refineries or a number of further chemical processes are integrated into it. For example, light hydrocarbons are steam-cracked in a plant. Using the Claus process, hydrogen sulfide is afterwards transformed to elementary sulfur to be sold to the chemical industry, the rather large heat energy freed by this process is directly used in the other parts of the refinery. Often an electrical plant is combined into the whole refinery process to take up the excess heat. Desalter unit washes out salt from the oil before it enters the atmospheric distillation unit
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Food
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Food is any substance consumed to provide nutritional support for an organism. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, the substance is ingested by an organism and assimilated by the organisms cells to provide energy, maintain life, or stimulate growth. Historically, humans secured food through two methods, hunting and gathering and agriculture, today, the majority of the food energy required by the ever increasing population of the world is supplied by the food industry. They address issues such as sustainability, biological diversity, climate change, nutritional economics, population growth, water supply, most food has its origin in plants. Some food is obtained directly from plants, but even animals that are used as sources are raised by feeding them food derived from plants. Cereal grain is a food that provides more food energy worldwide than any other type of crop. Corn, wheat, and rice – in all of their varieties – account for 87% of all grain production worldwide, most of the grain that is produced worldwide is fed to livestock. Some foods not from animal or plant sources include various edible fungi, fungi and ambient bacteria are used in the preparation of fermented and pickled foods like leavened bread, alcoholic drinks, cheese, pickles, kombucha, and yogurt. Another example is blue-green algae such as Spirulina, inorganic substances such as salt, baking soda and cream of tartar are used to preserve or chemically alter an ingredient. Many plants and plant parts are eaten as food and around 2,000 plant species are cultivated for food, many of these plant species have several distinct cultivars. Seeds of plants are a source of food for animals, including humans, because they contain the nutrients necessary for the plants initial growth, including many healthful fats. In fact, the majority of food consumed by human beings are seed-based foods, edible seeds include cereals, legumes, and nuts. Oilseeds are often pressed to produce rich oils - sunflower, flaxseed, rapeseed, sesame, seeds are typically high in unsaturated fats and, in moderation, are considered a health food, although not all seeds are edible. Large seeds, such as those from a lemon, pose a choking hazard, fruits are the ripened ovaries of plants, including the seeds within. Many plants and animals have coevolved such that the fruits of the former are a food source to the latter. Fruits, therefore, make up a significant part of the diets of most cultures, some botanical fruits, such as tomatoes, pumpkins, and eggplants, are eaten as vegetables. Vegetables are a type of plant matter that is commonly eaten as food. These include root vegetables, bulbs, leaf vegetables, stem vegetables, animals are used as food either directly or indirectly by the products they produce
30.
Beverage
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A drink or beverage is a liquid intended for human consumption. In addition to their function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain water, milk, juices, coffee, tea, in addition, alcoholic drinks such as wine, beer, and liquor, which contain the drug ethanol, have been part of human culture and development for 8,000 years. Non-alcoholic drinks often signify drinks that would normally contain alcohol, such as beer, the category includes drinks that have undergone an alcohol removal process such as non-alcoholic beers and de-alcoholized wines. When the human body becomes dehydrated it experiences the sensation of thirst and this craving of fluids results in an instinctive need to drink. Thirst is regulated by the hypothalamus in response to changes in the bodys electrolyte levels. The complete elimination of drinks, i. e. water, Water and milk have been basic drinks throughout history. As water is essential for life, it has also been the carrier of many diseases, as mankind evolved, new techniques were discovered to create drinks from the plants that were native to their areas. The earliest archaeological evidence of wine production yet found has been at sites in Georgia, beer may have been known in Neolithic Europe as far back as 3000 BCE, and was mainly brewed on a domestic scale. The invention of beer has been argued to be responsible for humanitys ability to develop technology, tea likely originated in Yunnan, China during the Shang Dynasty as a medicinal drink. Drinking has been a part of socialising throughout the centuries. In Ancient Greece, a gathering for the purpose of drinking was known as a symposium. The purpose of these gatherings could be anything from serious discussions to direct indulgence, in Ancient Rome, a similar concept of a convivium took place regularly. Many early societies considered alcohol a gift from the gods, leading to the creation of such as Dionysus. Other religions forbid, discourage, or restrict the drinking of alcoholic drinks for various reasons, in some regions with a dominant religion the production, sale, and consumption of alcoholic drinks is forbidden to everybody, regardless of religion. Toasting is a method of honouring a person or wishing good will by taking a drink, another tradition is that of the loving cup, at weddings or other celebrations such as sports victories a group will share a drink in a large receptacle, shared by everyone until empty. In East Africa and Yemen, coffee was used in religious ceremonies. As these ceremonies conflicted with the beliefs of the Christian church, the drink was also banned in Ottoman Turkey during the 17th century for political reasons and was associated with rebellious political activities in Europe
31.
Tourism
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Tourism is travel for pleasure or business, also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism may be international, or within the travellers country, Tourism can be domestic or international, and international tourism has both incoming and outgoing implications on a countrys balance of payments. Today, tourism is a source of income for many countries. International tourism receipts grew to US$1.03 trillion in 2011, the ITB Berlin is the worlds leading tourism trade fair. The word tourist was used by 1772 and tourism by 1811. It is formed from the tour, which is derived from Old English turian, from Old French torner, from Latin tornare, to turn on a lathe. Tourism is an important, even vital, source of income for many regions and it also creates opportunities for employment in the service sector of the economy associated with tourism. This is in addition to goods bought by tourists, including souvenirs, in 1936, the League of Nations defined a foreign tourist as someone traveling abroad for at least twenty-four hours. Its successor, the United Nations, amended this definition in 1945 and it includes movements for all purposes. In 1981, the International Association of Scientific Experts in Tourism defined tourism in terms of particular activities chosen and undertaken outside the home, in this context, travel has a similar definition to tourism, but implies a more purposeful journey. The terms tourism and tourist are sometimes used pejoratively, to imply a shallow interest in the cultures or locations visited, by contrast, traveler is often used as a sign of distinction. The sociology of tourism has studied the values underpinning these distinctions. International tourist arrivals reached 1.035 billion in 2012, up from over 996 million in 2011, the World Tourism Organization reports the following ten destinations as the most visited in terms of the number of international travellers in 2016. International tourism receipts grew to US$1.2 trillion in 2014, based upon air traffic, the MasterCard Global Destination Cities Index reports the following cities as the top ten most popular destinations of international tourism worldwide. MasterCard reports the following cities as the top ten biggest earners on international tourism worldwide in 2015, as early as Shulgi, however, kings praised themselves for protecting roads and building waystations for travelers. During the Roman Republic, spas and coastal resorts such as Baiae were popular among the rich, pausanias wrote his Description of Greece in the 2nd century AD. In ancient China, nobles sometimes made a point of visiting Mount Tai and, on occasion, the Islamic hajj is still central to its faith and Chaucers Canterbury Tales and Wu Chengens Journey to the West remain classics of English and Chinese literature. The 10th- to 13th-century Song dynasty also saw secular travel writers such as Su Shi, under the Ming, Xu Xiake continued the practice
32.
Transport
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Transport or transportation is the movement of people, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, the field can be divided into infrastructure, vehicles and operations. Transport is important because it enables trade between people, which is essential for the development of civilizations, terminals may be used both for interchange of passengers and cargo and for maintenance. Vehicles traveling on these networks may include automobiles, bicycles, buses, trains, trucks, people, helicopters, operations deal with the way the vehicles are operated, and the procedures set for this purpose including financing, legalities and policies. In the transport industry, operations and ownership of infrastructure can be public or private, depending on the country. Passenger transport may be public, where operators provide scheduled services, freight transport has become focused on containerization, although bulk transport is used for large volumes of durable items. Transport plays an important part in growth and globalization, but most types cause air pollution. While it is subsidized by governments, good planning of transport is essential to make traffic flow. A mode of transport is a solution that makes use of a type of vehicle, infrastructure. The transport of a person or of cargo may involve one mode or several of the modes, each mode has its own advantages and disadvantages, and will be chosen for a trip on the basis of cost, capability, and route. Human powered transport, a form of transportation, is the transport of people and/or goods using human muscle-power. Modern technology has allowed machines to enhance human power, human-powered vehicles have also been developed for difficult environments, such as snow and water, by watercraft rowing and skiing, even the air can be entered with human-powered aircraft. Animal-powered transport is the use of working animals for the movement of people, humans may ride some of the animals directly, use them as pack animals for carrying goods, or harness them, alone or in teams, to pull sleds or wheeled vehicles. A fixed-wing aircraft, commonly called airplane, is a craft where movement of the air in relation to the wings is used to generate lift. The term is used to distinguish this from rotary-wing aircraft, where the movement of the lift surfaces relative to the air generates lift, a gyroplane is both fixed-wing and rotary-wing. Fixed-wing aircraft range from small trainers and recreational aircraft to large airliners, two things necessary for aircraft are air flow over the wings for lift and an area for landing. The majority of aircraft also need an airport with the infrastructure to receive maintenance, restocking, refueling and for the loading and unloading of crew, cargo and passengers. While the vast majority of land and take off on land, some are capable of take off and landing on ice, snow
33.
Machinery
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Machines employ power to achieve desired forces and movement. A machine has a source and actuators that generate forces and movement. Modern machines often include computers and sensors that monitor performance and plan movement, the meaning of the word machine is traced by the Oxford English Dictionary to an independently functioning structure and by Merriam-Webster Dictionary to something that has been constructed. This includes human design into the meaning of machine, similarly Merriam-Webster Dictionary defines mechanical as relating to machinery or tools. Power flow through a machine provides a way to understand the performance of devices ranging from levers and gear trains to automobiles, notice that forces and motion combine to define power. More recently, Uicker et al. stated that a machine is a device for applying power or changing its direction, and McCarthy and Soh describe a machine as a system that generally consists of a power source and a mechanism for the controlled use of this power. The idea that a machine can be decomposed into simple movable elements led Archimedes to define the lever, pulley, by the time of the Renaissance this list increased to include the wheel and axle, wedge and inclined plane. The modern approach to characterizing machines focusses on the components that allow movement, wedge, Perhaps the first example of a device designed to manage power is the hand axe, also see biface and Olorgesailie. A hand axe is made by chipping stone, generally flint, to form a bifacial edge, a wedge is a simple machine that transforms lateral force and movement of the tool into a transverse splitting force and movement of the workpiece. The available power is limited by the effort of the using the tool, but because power is the product of force and movement. This amplification, or mechanical advantage is the ratio of the speed to output speed. For a wedge this is given by 1/tanα, where α is the tip angle, the faces of a wedge are modeled as straight lines to form a sliding or prismatic joint. Lever, The lever is another important and simple device for managing power and this is a body that pivots on a fulcrum. The fulcrum of a lever is modeled as a hinged or revolute joint, wheel, The wheel is clearly an important early machine, such as the chariot. A wheel uses the law of the lever to reduce the force needed to overcome friction when pulling a load. To see this notice that the associated with pulling a load on the ground is approximately the same as the friction in a simple bearing that supports the load on the axle of a wheel. However, the forms a lever that magnifies the pulling force so that it overcomes the frictional resistance in the bearing. Natural forces such as wind and water powered larger mechanical systems, waterwheels appeared around the world around 300 BC to use flowing water to generate rotary motion, which was applied to milling grain, and powering lumber, machining and textile operations
34.
Foodstuff
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Food is any substance consumed to provide nutritional support for an organism. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, the substance is ingested by an organism and assimilated by the organisms cells to provide energy, maintain life, or stimulate growth. Historically, humans secured food through two methods, hunting and gathering and agriculture, today, the majority of the food energy required by the ever increasing population of the world is supplied by the food industry. They address issues such as sustainability, biological diversity, climate change, nutritional economics, population growth, water supply, most food has its origin in plants. Some food is obtained directly from plants, but even animals that are used as sources are raised by feeding them food derived from plants. Cereal grain is a food that provides more food energy worldwide than any other type of crop. Corn, wheat, and rice – in all of their varieties – account for 87% of all grain production worldwide, most of the grain that is produced worldwide is fed to livestock. Some foods not from animal or plant sources include various edible fungi, fungi and ambient bacteria are used in the preparation of fermented and pickled foods like leavened bread, alcoholic drinks, cheese, pickles, kombucha, and yogurt. Another example is blue-green algae such as Spirulina, inorganic substances such as salt, baking soda and cream of tartar are used to preserve or chemically alter an ingredient. Many plants and plant parts are eaten as food and around 2,000 plant species are cultivated for food, many of these plant species have several distinct cultivars. Seeds of plants are a source of food for animals, including humans, because they contain the nutrients necessary for the plants initial growth, including many healthful fats. In fact, the majority of food consumed by human beings are seed-based foods, edible seeds include cereals, legumes, and nuts. Oilseeds are often pressed to produce rich oils - sunflower, flaxseed, rapeseed, sesame, seeds are typically high in unsaturated fats and, in moderation, are considered a health food, although not all seeds are edible. Large seeds, such as those from a lemon, pose a choking hazard, fruits are the ripened ovaries of plants, including the seeds within. Many plants and animals have coevolved such that the fruits of the former are a food source to the latter. Fruits, therefore, make up a significant part of the diets of most cultures, some botanical fruits, such as tomatoes, pumpkins, and eggplants, are eaten as vegetables. Vegetables are a type of plant matter that is commonly eaten as food. These include root vegetables, bulbs, leaf vegetables, stem vegetables, animals are used as food either directly or indirectly by the products they produce
35.
Fuel
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A fuel is any material that can be made to react with other substances so that it releases chemical or nuclear energy as heat or to be used for work. The concept was applied solely to those materials capable of releasing chemical energy but has since also been applied to other sources of heat energy such as nuclear energy. The heat energy released by reactions of fuels is converted into mechanical energy via a heat engine, other times the heat itself is valued for warmth, cooking, or industrial processes, as well as the illumination that comes with combustion. Fuels are also used in the cells of organisms in a known as cellular respiration. Hydrocarbons and related oxygen-containing molecules are by far the most common source of fuel used by humans, fuels are contrasted with other substances or devices storing potential energy, such as those that directly release electrical energy or mechanical energy. The first known use of fuel was the combustion of wood or sticks by Homo erectus near 2,000,000 years ago, throughout most of human history fuels derived from plants or animal fat were only used by humans. Charcoal, a derivative, has been used since at least 6,000 BCE for melting metals. It was only supplanted by coke, derived from coal, as European forests started to become depleted around the 18th century, charcoal briquettes are now commonly used as a fuel for barbecue cooking. Coal was first used as a fuel around 1000 BCE in China, coal was later used to drive ships and locomotives. By the 19th century, gas extracted from coal was being used for lighting in London. In the 20th and 21st centuries, the use of coal is to generate electricity. Fossil fuels were rapidly adopted during the revolution, because they were more concentrated and flexible than traditional energy sources. They have become a part of our contemporary society, with most countries in the world burning fossil fuels in order to produce power. Currently the trend has been towards renewable fuels, such as biofuels like alcohols, chemical fuels are substances that release energy by reacting with substances around them, most notably by the process of combustion. Most of the energy released in combustion was not stored in the chemical bonds of the fuel. Chemical fuels are divided in two ways, first, by their physical properties, as a solid, liquid or gas. Secondly, on the basis of their occurrence, primary and secondary, solid fuels include wood, charcoal, peat, coal, Hexamine fuel tablets, and pellets made from wood, corn, wheat, rye and other grains. Solid-fuel rocket technology also uses solid fuel, solid fuels have been used by humanity for many years to create fire
36.
Italy
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Italy, officially the Italian Republic, is a unitary parliamentary republic in Europe. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino, Italy covers an area of 301,338 km2 and has a largely temperate seasonal and Mediterranean climate. Due to its shape, it is referred to in Italy as lo Stivale. With 61 million inhabitants, it is the fourth most populous EU member state, the Italic tribe known as the Latins formed the Roman Kingdom, which eventually became a republic that conquered and assimilated other nearby civilisations. The legacy of the Roman Empire is widespread and can be observed in the distribution of civilian law, republican governments, Christianity. The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration, Italian culture flourished at this time, producing famous scholars, artists and polymaths such as Leonardo da Vinci, Galileo, Michelangelo and Machiavelli. The weakened sovereigns soon fell victim to conquest by European powers such as France, Spain and Austria. Despite being one of the victors in World War I, Italy entered a period of economic crisis and social turmoil. The subsequent participation in World War II on the Axis side ended in defeat, economic destruction. Today, Italy has the third largest economy in the Eurozone and it has a very high level of human development and is ranked sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, as a reflection of its cultural wealth, Italy is home to 51 World Heritage Sites, the most in the world, and is the fifth most visited country. The assumptions on the etymology of the name Italia are very numerous, according to one of the more common explanations, the term Italia, from Latin, Italia, was borrowed through Greek from the Oscan Víteliú, meaning land of young cattle. The bull was a symbol of the southern Italic tribes and was often depicted goring the Roman wolf as a defiant symbol of free Italy during the Social War. Greek historian Dionysius of Halicarnassus states this account together with the legend that Italy was named after Italus, mentioned also by Aristotle and Thucydides. The name Italia originally applied only to a part of what is now Southern Italy – according to Antiochus of Syracuse, but by his time Oenotria and Italy had become synonymous, and the name also applied to most of Lucania as well. The Greeks gradually came to apply the name Italia to a larger region, excavations throughout Italy revealed a Neanderthal presence dating back to the Palaeolithic period, some 200,000 years ago, modern Humans arrived about 40,000 years ago. Other ancient Italian peoples of undetermined language families but of possible origins include the Rhaetian people and Cammuni. Also the Phoenicians established colonies on the coasts of Sardinia and Sicily, the Roman legacy has deeply influenced the Western civilisation, shaping most of the modern world
37.
Slovenia
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Slovenia, officially the Republic of Slovenia, is a nation state in southern Central Europe, located at the crossroads of main European cultural and trade routes. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the south and southeast, and it covers 20,273 square kilometers and has a population of 2.06 million. It is a republic and a member of the United Nations, European Union. The capital and largest city is Ljubljana, additionally, the Dinaric Alps and the Pannonian Plain meet on the territory of Slovenia. The country, marked by a significant biological diversity, is one of the most water-rich in Europe, with a river network, a rich aquifer system. Over half of the territory is covered by forest, the human settlement of Slovenia is dispersed and uneven. Slovenia has historically been the crossroads of South Slavic, Germanic, Romance, although the population is not homogeneous, the majority is Slovene. Slovene is the language throughout the country. Slovenia is a largely secularized country, but its culture and identity have been influenced by Catholicism as well as Lutheranism. The economy of Slovenia is small, open, and export-oriented and has strongly influenced by international conditions. It has been hurt by the Eurozone crisis, started in the late 2000s. The main economic field is services, followed by industry and construction, Historically, the current territory of Slovenia was part of many different state formations, including the Roman Empire and the Holy Roman Empire, followed by the Habsburg Monarchy. In October 1918, the Slovenes exercised self-determination for the first time by co-founding the State of Slovenes, Croats, in December 1918, they merged with the Kingdom of Serbia into the Kingdom of Serbs, Croats and Slovenes. During World War II, Slovenia was occupied and annexed by Germany, Italy, and Hungary, with a tiny area transferred to the Independent State of Croatia, in June 1991, after the introduction of multi-party representative democracy, Slovenia split from Yugoslavia and became an independent country. Present-day Slovenia has been inhabited since prehistoric times, and there is evidence of habitation from around 250,000 years ago. A pierced cave bear bone, dating from 43100 ±700 BP, in the 1920s and 1930s, artifacts belonging to the Cro-Magnon such as pierced bones, bone points, and needle were found by archaeologist Srečko Brodar in Potok Cave. It shows that wooden wheels appeared almost simultaneously in Mesopotamia and Europe, in the transition period between the Bronze age to the Iron age, the Urnfield culture flourished. Archaeological remains dating from the Hallstatt period have been found, particularly in southeastern Slovenia, among them a number of situlas in Novo Mesto, in the Iron Age, present-day Slovenia was inhabited by Illyrian and Celtic tribes until the 1st century BC
38.
Germany
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Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in central-western Europe. It includes 16 constituent states, covers an area of 357,021 square kilometres, with about 82 million inhabitants, Germany is the most populous member state of the European Union. After the United States, it is the second most popular destination in the world. Germanys capital and largest metropolis is Berlin, while its largest conurbation is the Ruhr, other major cities include Hamburg, Munich, Cologne, Frankfurt, Stuttgart, Düsseldorf and Leipzig. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity, a region named Germania was documented before 100 AD. During the Migration Period the Germanic tribes expanded southward, beginning in the 10th century, German territories formed a central part of the Holy Roman Empire. During the 16th century, northern German regions became the centre of the Protestant Reformation, in 1871, Germany became a nation state when most of the German states unified into the Prussian-dominated German Empire. After World War I and the German Revolution of 1918–1919, the Empire was replaced by the parliamentary Weimar Republic, the establishment of the national socialist dictatorship in 1933 led to World War II and the Holocaust. After a period of Allied occupation, two German states were founded, the Federal Republic of Germany and the German Democratic Republic, in 1990, the country was reunified. In the 21st century, Germany is a power and has the worlds fourth-largest economy by nominal GDP. As a global leader in industrial and technological sectors, it is both the worlds third-largest exporter and importer of goods. Germany is a country with a very high standard of living sustained by a skilled. It upholds a social security and universal health system, environmental protection. Germany was a member of the European Economic Community in 1957. It is part of the Schengen Area, and became a co-founder of the Eurozone in 1999, Germany is a member of the United Nations, NATO, the G8, the G20, and the OECD. The national military expenditure is the 9th highest in the world, the English word Germany derives from the Latin Germania, which came into use after Julius Caesar adopted it for the peoples east of the Rhine. This in turn descends from Proto-Germanic *þiudiskaz popular, derived from *þeudō, descended from Proto-Indo-European *tewtéh₂- people, the discovery of the Mauer 1 mandible shows that ancient humans were present in Germany at least 600,000 years ago. The oldest complete hunting weapons found anywhere in the world were discovered in a mine in Schöningen where three 380, 000-year-old wooden javelins were unearthed
39.
Bosnia and Herzegovina
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Bosnia and Herzegovina, sometimes called Bosnia-Herzegovina, and, in short, often known informally as Bosnia, is a country in Southeastern Europe located on the Balkan Peninsula. Sarajevo is the capital and largest city, in the central and eastern interior of the country the geography is mountainous, in the northwest it is moderately hilly, and the northeast is predominantly flatland. The inland is a larger region and has a moderate continental climate, with hot summers and cold. The southern tip of the country has a Mediterranean climate and plain topography, Bosnia and Herzegovina is a region that traces permanent human settlement back to the Neolithic age, during and after which it was populated by several Illyrian and Celtic civilizations. Culturally, politically, and socially, the country has a rich history, the Ottomans brought Islam to the region, and altered much of the cultural and social outlook of the country. This was followed by annexation into the Austro-Hungarian Monarchy, which lasted up until World War I. In the interwar period, Bosnia was part of the Kingdom of Yugoslavia and after World War II, following the dissolution of Yugoslavia, the country proclaimed independence in 1992, which was followed by the Bosnian War, lasting until late 1995. The country is home to three ethnic groups or, officially, constituent peoples, as specified in the constitution. Bosniaks are the largest group of the three, with Serbs second and Croats third, a native of Bosnia and Herzegovina, regardless of ethnicity, is identified in English as a Bosnian. The terms Herzegovinian and Bosnian are maintained as a rather than ethnic distinction. Moreover, the country was simply called Bosnia until the Austro-Hungarian occupation at the end of the 19th century, Bosnia and Herzegovina has a bicameral legislature and a three-member Presidency composed of a member of each major ethnic group. The Federation of Bosnia and Herzegovina is itself complex and consists of 10 cantons, additionally, the country has been a member of the Council of Europe since April 2002 and a founding member of the Mediterranean Union upon its establishment in July 2008. The name is believed to have derived from the hydronym of the river Bosna coursing through the Bosnian heartland. According to philologist Anton Mayer the name Bosna could be derived from Illyrian Bass-an-as which would be a diversion of the Proto-Indo-European root bos or bogh, meaning the running water. According to English medievalist William Miller the Slavic settlers in Bosnia adapted the Latin designation Basante, to their own idiom by calling the stream Bosna, the name Herzegovina originates from Bosnian magnate Stephen Vukčić Kosačas title, Herceg of Hum and the Coast. Hum, formerly Zahumlje, was a medieval principality that was conquered by the Bosnian Banate in the first half of the 14th century. Bosnia is located in the western Balkans, bordering Croatia to the north and west, Serbia to the east and it has a coastline about 20 kilometres long surrounding the city of Neum. It lies between latitudes 42° and 46° N, and longitudes 15° and 20° E, the countrys name comes from the two regions Bosnia and Herzegovina, which have a very vaguely defined border between them
40.
Austria
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Austria, officially the Republic of Austria, is a federal republic and a landlocked country of over 8.7 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, the territory of Austria covers 83,879 km2. The terrain is mountainous, lying within the Alps, only 32% of the country is below 500 m. The majority of the population speaks local Bavarian dialects of German as their native language, other local official languages are Hungarian, Burgenland Croatian, and Slovene. The origins of modern-day Austria date back to the time of the Habsburg dynasty, from the time of the Reformation, many northern German princes, resenting the authority of the Emperor, used Protestantism as a flag of rebellion. Following Napoleons defeat, Prussia emerged as Austrias chief competitor for rule of a greater Germany, Austrias defeat by Prussia at the Battle of Königgrätz, during the Austro-Prussian War of 1866, cleared the way for Prussia to assert control over the rest of Germany. In 1867, the empire was reformed into Austria-Hungary, Austria was thus the first to go to war in the July Crisis, which would ultimately escalate into World War I. The First Austrian Republic was established in 1919, in 1938 Nazi Germany annexed Austria in the Anschluss. This lasted until the end of World War II in 1945, after which Germany was occupied by the Allies, in 1955, the Austrian State Treaty re-established Austria as a sovereign state, ending the occupation. In the same year, the Austrian Parliament created the Declaration of Neutrality which declared that the Second Austrian Republic would become permanently neutral, today, Austria is a parliamentary representative democracy comprising nine federal states. The capital and largest city, with a population exceeding 1.7 million, is Vienna, other major urban areas of Austria include Graz, Linz, Salzburg and Innsbruck. Austria is one of the richest countries in the world, with a nominal per capita GDP of $43,724, the country has developed a high standard of living and in 2014 was ranked 21st in the world for its Human Development Index. Austria has been a member of the United Nations since 1955, joined the European Union in 1995, Austria also signed the Schengen Agreement in 1995, and adopted the euro currency in 1999. The German name for Austria, Österreich, meant eastern realm in Old High German, and is cognate with the word Ostarrîchi and this word is probably a translation of Medieval Latin Marchia orientalis into a local dialect. Austria was a prefecture of Bavaria created in 976, the word Austria is a Latinisation of the German name and was first recorded in the 12th century. Accordingly, Norig would essentially mean the same as Ostarrîchi and Österreich, the Celtic name was eventually Latinised to Noricum after the Romans conquered the area that encloses most of modern-day Austria, around 15 BC. Noricum later became a Roman province in the mid-first century AD, heers hypothesis is not accepted by linguists. Settled in ancient times, the Central European land that is now Austria was occupied in pre-Roman times by various Celtic tribes, the Celtic kingdom of Noricum was later claimed by the Roman Empire and made a province
41.
Hungary
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Hungary is a unitary parliamentary republic in Central Europe. With about 10 million inhabitants, Hungary is a member state of the European Union. The official language is Hungarian, which is the most widely spoken language in Europe. Hungarys capital and largest metropolis is Budapest, a significant economic hub, major urban areas include Debrecen, Szeged, Miskolc, Pécs and Győr. His great-grandson Stephen I ascended to the throne in 1000, converting the country to a Christian kingdom, by the 12th century, Hungary became a middle power within the Western world, reaching a golden age by the 15th century. Hungarys current borders were established in 1920 by the Treaty of Trianon after World War I, when the country lost 71% of its territory, 58% of its population, following the interwar period, Hungary joined the Axis Powers in World War II, suffering significant damage and casualties. Hungary became a state of the Soviet Union, which contributed to the establishment of a four-decade-long communist dictatorship. On 23 October 1989, Hungary became again a democratic parliamentary republic, in the 21st century, Hungary is a middle power and has the worlds 57th largest economy by nominal GDP, as well as the 58th largest by PPP, out of 188 countries measured by the IMF. As a substantial actor in several industrial and technological sectors, it is both the worlds 36th largest exporter and importer of goods, Hungary is a high-income economy with a very high standard of living. It keeps up a security and universal health care system. Hungary joined the European Union in 2004 and part of the Schengen Area since 2007, Hungary is a member of the United Nations, NATO, WTO, World Bank, the AIIB, the Council of Europe and Visegrád Group. Well known for its cultural history, Hungary has been contributed significantly to arts, music, literature, sports and science. Hungary is the 11th most popular country as a tourist destination in Europe and it is home to the largest thermal water cave system, the second largest thermal lake in the world, the largest lake in Central Europe, and the largest natural grasslands in Europe. The H in the name of Hungary is most likely due to historical associations with the Huns. The rest of the word comes from the Latinized form of Medieval Greek Oungroi, according to an explanation the Greek name was borrowed from Proto-Slavic Ǫgǔri, in turn borrowed from Oghur-Turkic Onogur. Onogur was the name for the tribes who later joined the Bulgar tribal confederacy that ruled the eastern parts of Hungary after the Avars. The Hungarians likely belonged to the Onogur tribal alliance and it is possible they became its ethnic majority. The Hungarian endonym is Magyarország, composed of magyar and ország, the word magyar is taken from the name of one of the seven major semi-nomadic Hungarian tribes, magyeri
42.
Foreign direct investment
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A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from foreign investment by a notion of direct control. Broadly, foreign direct investment includes mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations and intra company loans. In a narrow sense, foreign direct investment refers just to building new facility, FDI is the sum of equity capital, other long-term capital, and short-term capital as shown the balance of payments. FDI usually involves participation in management, joint-venture, transfer of technology, stock of FDI is the net cumulative FDI for any given period. Direct investment excludes investment through purchase of shares, FDI is one example of international factor movements. A foreign direct investment is an ownership in a business enterprise in one country by an entity based in another country. Foreign direct investment is distinguished from foreign investment, a passive investment in the securities of another country such as public stocks and bonds. Moreover, control of technology, management, even crucial inputs can confer de facto control, for example, Joe S. Bain only explained the internationalization challenge through three main principles, absolute cost advantages, product differentiation advantages and economies of scale. Furthermore, the theories were created under the assumption of the existence of perfect competition. Facing the challenges of his predecessors, Hymer focused his theory on filling the gaps regarding international investment, the theory proposed by the author approaches international investment from a different and more firm-specific point of view. Furthermore, Hymer proceeds to criticize the neoclassical theories, stating that the theory of capital movements cannot explain international production. Moreover, he clarifies that FDI is not necessarily a movement of funds from a country to a host country. In contrast, if interest rates were the motive for international investment. Another observation made by Hymer went against what was maintained by the neoclassical theories, in fact, foreign direct investment can be financed through loans obtained in the host country, payments in exchange for equity, and other methods. Further studies attempted to explain how firms could monetize these advantages in the form of licenses, removal of conflicts, conflict arises if a firm is already operating in foreign market or looking to expand its operations within the same market. He proposes that the solution for this hurdle arose in the form of collusion, however, it must be taken into account that a reduction in conflict through acquisition of control of operations will increase the market imperfections. The extent to which a company can mitigate risk depends on how well a firm can formulate an internationalization strategy taking these levels of decision into account
43.
External debt
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External debt is the total debt a country owes to foreign creditors, complemented by internal debt owed to domestic lenders. The debtors can be the government, corporations or citizens of that country, the debt includes money owed to private commercial banks, other governments, or international financial institutions such as the International Monetary Fund and World Bank. Note that the use of gross liability figures greatly distorts the ratio for countries which contain major money centers such as the United Kingdom due to Londons role as a financial capital, contrast with net international investment position. In this definition, the IMF defines the key elements as follows, Outstanding, principal and interest When the cost of borrowing is paid periodically, as commonly occurs, it is known as an interest payment. All other payments of economic value by the debtor to the creditor that reduce the amount outstanding are known as principal payments. However, the definition of external debt does not distinguish between principal payments or interest payments, or payments for both, also, the definition does not specify that the timing of the future payments of principal and/or interest need be known for a liability to be classified as debt. Residence To qualify as external debt, the debt liabilities must be owed by a resident to a nonresident, residence is determined by where the debtor and creditor have their centers of economic interest—typically, where they are ordinarily located—and not by their nationality. Current and not contingent Contingent liabilities are not included in the definition of external debt and these are defined as arrangements under which one or more conditions must be fulfilled before a financial transaction takes place. Generally, external debt is classified into four heads, public and publicly guaranteed debt, private non-guaranteed credits, central bank deposits, however, the exact treatment varies from country to country. External-debt-sustainability analysis is conducted in the context of medium-term scenarios. In these analysis, macroeconomic uncertainties, such as the outlook for the current account, high external debt is believed to be harmful for the economy. There are various indicators for determining a sustainable level of external debt, while each has its own advantage and peculiarity to deal with particular situations, there is no unanimous opinion amongst economists as to a sole indicator. These indicators are primarily in the nature of ratios—i. e, comparison between two heads and the relation thereon and thus facilitate the policy makers in their external debt management exercise. Examples of debt burden indicators include the Debt-to-GDP ratio, foreign debt to exports ratio and this set of indicators also covers the structure of the outstanding debt, including, Share of foreign debt, Short-term debt, and Concessional debt in the total debt stock. A second set of indicators focuses on the short-term liquidity requirements of the country with respect to its service obligations. These indicators are not only useful early-warning signs of service problems. The dynamic ratios show how the debt-burden ratios would change in the absence of repayments or new disbursements, an example of a dynamic ratio is the ratio of the average interest rate on outstanding debt to the growth rate of nominal GDP
44.
List of countries by public debt
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This is a list of countries by public debt to GDP ratio as listed by Eurostat for the EU and by CIAs World Factbook 2012 for the rest of the world. It is the total of all government borrowings less repayments that are denominated in a countrys home currency. Gross government debt is the most relevant data for discussions of government default and it is different from external debt, which includes the foreign currency liabilities of non-government entities. The figures here are represented as a percentage of gross domestic product. The public debt relative information provided by national sources is not always objective and true, note that net debt figures are included where gross debt figures are unavailable in the CIA set
45.
List of countries by credit rating
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The ratings of DBRS, China Chengxin Credit Rating Group, Dagong and JCR are also included. The list also includes all country subdivisions issuing sovereign bonds, but it excludes regions, for S&P, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, for Fitch, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, for Moodys, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, for DBRS, a bond is considered investment grade if its credit rating is BBB or higher. Bonds rated BB and below are considered to be speculative grade, Japan Credit Rating Agency is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U. S. Securities, Dagong is a credit rating agency based in China. Bond credit rating United States federal government credit-rating downgrades
46.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
47.
Croatian Kuna
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The kuna is the currency of Croatia, in use since 1994. It is subdivided into 100 lipa, the kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Monetary Institute. The word kuna means marten in Croatian since it is based on the use of marten pelts as units of value in medieval trading, the word lipa means linden tree. During Roman times, in the provinces of upper and lower Pannonia, hence, the Croatian word marturina or tax, derived from the Latin word martus. The kuna was a unit in several Slavic states, most notably Kievan Rus. It was equal to 1⁄25 gryvna of silver and it has no relation to the various Slavic currencies named koruna which means crown. In the Middle Ages, many foreign monies were used in Croatia, between 1260 and 1380, Croatian Viceroys issued a marten-adorned silver coin called the banovac. However, the autonomy of Croatia within the Croatian-Hungarian Kingdom led to the gradual disappearance of that currency in the 14th century. In 1941, when the Ustaše regime formed the Independent State of Croatia, the modern kuna was introduced on May 30,1994, starting a transitional period from the Croatian dinar, ending on December 31,1994. The exchange rate between dinar and kuna was 1 kuna =1000 dinars, since then, Croatia has been in a system of de facto currency board with a fixed exchanged rate. The kuna was pegged to the German mark from the start, with the replacement of the mark by the euro, the kunas peg effectively switched to the euro. The transition to the new currency went smoothly and the controversy blew over. The self-proclaimed Serbian entity Republic of Serbian Krajina did not use the kuna or the Croatian dinar, instead, they issued their own Krajina dinar until the region was reintegrated into Croatia in 1995. A long-time policy of the Croatian National Bank has been to keep the fluctuations of the exchange rate against the euro within a relatively stable range. The country joined the European Union on 1 July 2013 and it plans to join the European Monetary System, the kuna is expected to be replaced by the euro, even though the initial time estimate of two to three years after joining the European Union proved too short. In 1994, coins were introduced in denominations of 1,2,5,10,20 and 50 lipa,1,2,5 and 25 kuna. The coins are issued in two versions, one with the name of the plant or animal in Croatian, the other with the name in Latin, overall more coins have been minted with Croatian names than with names in Latin. Due to their low value,1 and 2 lipa coins are rarely used, since 2009, these coins are no longer minted, but the Croatian National Bank has stated that it had no plans for withdrawing them
2.8% (real, Q2 2017)[1]
30.2 (2014)[6]
Italy 13.4%
Slovenia 12.5%
Germany 11.4%
Bosnia and Herzegovina 9.9%
Austria 6.6%
Hungary 7.8% (2015)
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Bjelovar-Bilogora
Brod-Posavina
Dubrovnik-Neretva
Istria
Karlovac
Koprivnica-Križevci
Krapina-Zagorje
Lika-Senj
Međimurje
Osijek-Baranja
Požega-Slavonia
Primorje-Gorski Kotar
Sisak-Moslavina
Split-Dalmatia
Šibenik-Knin
Varaždin
Virovitica-Podravina
Vukovar-Syrmia
Zadar
Zagreb County
City of Zagreb
