"This would be difficult in areas like Somerset, where the economy comprises a significant number of SMEs".
Such an economy comprises millions of people engaged in millions of distinct activities; these activities include the production, distribution, and consumption of all of the different goods and services that a modern economy provides.
This shrinking has occurred in almost all industries, so it can only partly be explained by a change in the types of businesses that the economy comprises, the report says.
The Gusii economy comprises a multiplicity of productive activities: they farm pyrethrum and tea as cash crops, as well as millet, corn (maize), cassava, sorghum, yams, peanuts (groundnuts), and bananas; and they keep cattle, sheep, goats, chickens, and bees.
In particular, in Latin America and the Caribbean, the rural economy comprises two separate sectors that exhibit distinctly different patterns of labor, land and natural resource use.
China's economy comprises 11% of the world's GDP, so - at the extreme - a return to 10% surpluses would represent a drag of roughly 1% on spending in the rest of the world.
Services are big business in the new global economy, comprising an estimated 75% of the U.S. economy.
Greece's economy comprises only 2% of the overall European economy -- about the same magnitude as Indiana's in the United States.
The entire effort by the Obama Administration to resuscitate the American economy comprises artificial life support, since us Americans are no longer energetic, enterprising, and creative enough to generate sufficient economic activity on our own.
Here's a simplified explanation: Assume the combined annual emissions from a hypothetical participating economy comprising 10 greenhouse gas emitters is capped at 10 tons per year.
