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  2. Order processing - Wikipedia

    en.wikipedia.org/wiki/Order_processing

    Person to goods picking assisted by conveyor belt. Order picking or order preparation is one of a logistic warehouse's processes. [citation needed] It consists in taking and collecting articles in a specified quantity before shipment to fulfil customer orders. It is a basic warehousing process and has an important influence on logistic processes.

  3. Goods and services - Wikipedia

    en.wikipedia.org/wiki/Goods_and_services

    Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers or barbers.Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade.

  4. Commerce - Wikipedia

    en.wikipedia.org/wiki/Commerce

    Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale distribution and transfer (exchange through buying and selling) of goods and services at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local ...

  5. Sorter (logistics) - Wikipedia

    en.wikipedia.org/wiki/Sorter_(logistics)

    In logistics, a sorter is a system which performs sortation of products (goods, luggage, mail, etc.) according to their destinations. [1] A common type of sorter is a conveyor-based system. While they may be based on other conveyor systems, usually sorters are unique types of conveyors. [1]

  6. Economic system - Wikipedia

    en.wikipedia.org/wiki/Economic_system

    How goods shall be produced: The fundamental problem of how goods shall be produced is largely hinged on the least-cost method of production to be adopted as gainfully peculiar to the economically decided goods and services to be produced. On a broad note, the possible production method includes labor-intensive and capital-intensive methods.

  7. Tiebout model - Wikipedia

    en.wikipedia.org/wiki/Tiebout_model

    In areas subject to rural flooding, Tiebout sorting explains why more affluent residents live in communities protected by river levees, while poorer residents tend to live without those expensive and rarely utilized protections. Lastly, the model also assumes that there are not externalities or spillover of public goods across towns.

  8. Recycling - Wikipedia

    en.wikipedia.org/wiki/Recycling

    Some plants can now sort materials automatically; this is known as single-stream recycling. Automatic sorting may be aided by robotics and machine learning. [65] [66] In plants, a variety of materials is sorted including paper, different types of plastics, glass, metals, food scraps, and most types of batteries. [67]

  9. List of countries by trade-to-GDP ratio - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_trade...

    The following table provides information on exports [2] and imports [3] of goods and services, based on the data published by World Bank, trade openness index, calculated as their sum, and the ratio between exports and imports. Sorting is alphabetical by country code, according to ISO 3166-1 alpha-3.