World Economy

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An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. A market-based economy is where goods and services are produced without interference, and exchanged according to demand and supply between participants (economic agents )by barter or a medium of exchange with a credit or debit value accepted within the network, such as a unit of currency and at some free market or market clearing price. An informal economy is economic activity that is neither taxed nor monitored by a government, contrasted with a formal economy. The terms "under the table" and "off the books" typically refer to this type of economy. GDP-Gross domestic product,the most conventional economic analysis of a country relies heavily on economic indicators like the GDP and GDP per capita. Three phases are designed for economy analysis-primary stage,secondary and tertiary stage.

USA Economy
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The economy of the United States is the world's largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013,approximately a quarter of nominal global GDP. The US has abundant natural resources, a well-developed infrastructure, and high productivity. It has the world's sixth-highest per capita GDP (PPP). The U.S. is the world's thirdlargest producer of oil and second-largest producer of natural gas. It is the second-largest trading nation in the world behind China. Of the world's 500 largest companies, 132 are headquartered in the US, twice that of any other country. The country is one of the world's largest and most influential financial markets. About 60% of the global currency reserves have been invested in the US dollar, while 24% have been invested in the euro. The New York Stock Exchange is the world's largest stock exchange by market capitalization. Foreign investments made in the US total almost $2.4 trillion, which is more than twice that of any other country.American investments in foreign countries total over $3.3 trillion, which is almost twice that of any other country.

Indian Economy
O The economy of India is the tenth-largest in the world by nominal O O O O

GDP India is the 19th-largest exporter and the 10th-largest importer in the world. On August 28, 2013 the Indian rupee hit an all time low of 68.80 against the US dollar. India is 13th in services output & the services sector provides employment to 27% of the work force . Retail industry is one of the pillars of Indian economy and accounts for 1415% of its GDP. The Indian retail market is estimated to be US$ 450 billion and one of the top five retail markets in the world by economic value. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 17% of the GDP in 2012, employed 51% of the total workforce. India has the world's third largest road network, covering more than 4.3 million kilometers and carrying 60% of freight and 87% of passenger traffic. Indian Railways is the fourth largest rail network in the world.

O The zen is the worlds

Zen currency

newest digital currency,introduced in april ,2013. O Zen is the official currency of Zurker, the worlds only democratic social network. O Zen is different from other social networks as its members can own zen by purchasing its shares. O We can buy zen from zen agents or by inviting friends through our link.

Zen features
O STABLE BY DESIGN
O SECURE AND PRIVATE O CASH EQUIVALENT AND O O O

CONVERTIBLE MICROPAYMENTS INSTANT PROCESSING ZERO SERVICE CHARGES ECOSYSTEM SUPPORT

More services of zen to come.!!!

O Zen banks-create wallet,move zen & earn interest
O Zen assessors-check zen coins for authenticity O Zen exchangers-sell your zen in exchange for local O O O O

currency Zen payments-web widgets so shoppers can pay in zen Zen marketplace-listings of website that accept zen Zen tips-tip boxes for zen Zen casinos-why not..! Zen app listings-showcases for zen app

Digital currency
This is money in an electronic form, based either on ounces of gold or on fiat currencies. A truly global and borderless world currency system, it allows instant transfers between accounts; payments are instantaneous and non-refundable. O This kind of currency is issued independently by several companies. Some of the most popular of them are Liberty Reserve, Pecunix and WebMoney. These digital value units are being used on online stores, point of service sales, business to business and person to person payments. Some organizations even pay their employees and charities through this kind of money. O A Digital Gold Currency is backed by real gold stored in vaults, through unallocated or allocated gold storage. Its unit is the gold gram or troy ounce. It offers a payment system independent of exchange rate variations and political or any kind of manipulations. Moreover, deposits are protected against inflation, devaluation and other economic risks affecting fiat currencies, dictated by the monetary policy of governments, which are harmful to the value of paper currencies such as investment market decline, bankrupcy, war and social unrest. O One of the most important features of digital value units is the fact that it isn't refundable. Thanks to that, the operating cost of the system is greatly reduced, because it hasn't to resolve a payment dispute. Also this allows transactions to clear instantly, making the funds available immediately to the recipient, unlike card and check payments.
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SOURCE
O The website content is referred from

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