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Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. [6]Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution. [7]
However, by the later Medieval period, rich trading cities in Italy emerged, creating the first modern accounting and finance systems. During the Industrial Revolution, economic growth in the modern sense first occurred during the Industrial Revolution in Britain and then in the rest of Europe due to high amounts of energy conversion .
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...
Quantum finance involves applying quantum mechanical approaches to financial theory, providing novel methods and perspectives in the field. [40] Quantum finance is an interdisciplinary field, in which theories and methods developed by quantum physicists and economists are applied to solve financial problems. It represents a branch known as ...
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
October – YouTube announced the introduction of a "content identification architecture" which allows them to locate videos under copyright, and remove them. If copyright holders choose to leave the video up, YouTube agrees to pay them a share of the advertising revenue.
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YouTube would give free access to its users, the more users, the more profit it can potentially make because it can in principle increase advertisement rates and will gain further interest of advertisers. [339] YouTube would sell its audience that it gains by free access to its advertising customers. [339]: 181