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Karl Marx was a philosopher, economist, political scientist, hisorien, politicien and journalist.
His thought centred on criticism in materialist economics, politics, society and capitalist culture, gave rise to the socio-political current of marxism. Theorist of the materialistic Conception of history and, along with Friedrick Engels of scientific socialism is considered among the most influential philosopher in the history of the twentieth century.

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1st Baron Keynes of Tilton, was a British economist father of macroeconomics and considered the most influential among economists of the twentieth century. His contribuation to the economic theory have given rise to the so-called "Keynes revolution": in contrast to neooclassical economic theory, he has supported the need for state governement intervention in the economy with budgetary  and monetary policy measures if insufficient demand aggregate can not guarante full employment in the capitalis system

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He's a famous economist, born in London in 1772, he was one of the top class exponents. In 1819 he was elected to the Chambre of Commons. He's foundamental work was "I principi dell'Economia politica e dell'imposta". He argued that the main problem of the economy was to determine the laws regulating the distribution of domestic product among landowners, capitalist and workers.

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He studied social and moral philosophy as the economy is not yet an accademic discipline.
He's considered the first of classical economist. He was also fermed the father of economic science. the most important work of Smith is "Indagine sulla natura" e "Le cause delle ricchezze delle nazioni". This closes the path with mercantilist.

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The biggest oil companies  can only be American:  they are companies such Exxon Mobil, Chevorn and Conoco Philips.

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                                     Coal

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                                     Coal

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Coal is a combustible  black or brownish-black sedimentary rock . Coal is primarily used as a solid fuelto produce electricity and heat through combustion. In  North America coal are currently traded on the New York Mercantile Exchange.

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We not could talk abot oil no mention the United States, they are on fact, the largest exporter well as the largest consumer of them and energy, and therefore , they are completely employees. This dependence over the years has also led to the provocation of several wars.

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                                        The oil

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                                        The oil

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Oil as a commodity had its own trading marker, such as NYMEX.
It represent a huge currently energy avilable on a global scale. Without  oil could be used our car, the light in many of our homes would not turn on etc etc, so it a good of primary use.

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At present the world's primary energy souces are fossil fuels such as coal, natural gas, and the most important of all: oil

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                               The modern economy

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                               The modern economy

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Currently the economy is based only on: energy consuption.

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Outputs, or finish produts, are offered on the marketplace to satisfy a need or want. They refer to both services and goods.

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-The phisacal or virtual place of commercial activities where people can buy goods and service.

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-Services are intangible (can't be touched or seen).
-Benefit or assistance provided to the customer.
Types of services include professional experience such as lawyers or doctors, computer access..

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-Goods are tangible (can be touched or seen).
End of the manufacturing process.
Goods are:
Non durable goods=
deteriorate in time( food or medicine). this is known as having a shelf life.
Durable goods=such as electronics devices have a much longer shelf life.

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-The goal of production process is to provide products and services to meet the needs and want of costumers in the shortest possible time at competitive price.
-In a trasformation process using the minimum number of inputs to produce a maximum number of outputs.

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Inputs are the resources required for industrial production (raw materials, information, machinery, people,..) in order to obtein a desired output.

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The method a company uses to develop its products.
The steps factors of production process are:
-INPUTS
-TRANSFORMATION
-OUTPUTS (or WARES)