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103-507: The economy of the Netherlands is a highly developed market economy focused on trade and logistics , manufacturing , services , innovation and technology and sustainable and renewable energy . It is the world's 18th largest economy by nominal GDP and the 28th largest by purchasing power parity (PPP) and is the fifth largest economy in European Union by nominal GDP. It has

206-490: A medium of exchange with a credit or debit value accepted within the network, such as a unit of currency. A planned economy is one where political agents directly control what is produced and how it is sold and distributed. A green economy is low-carbon and resource efficient. In a green economy, growth in income and employment is driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency , and prevent

309-507: A metric such as silver, bronze, copper, etc. A barley/shekel was originally both a unit of currency and a unit of weight, just as the British Pound was originally a unit denominating a one-pound mass of silver. Most exchange of goods had occurred through social relationships. There were also traders who bartered in the marketplaces. In Ancient Greece , where the present English word 'economy' originated, many people were bond slaves of

412-464: A borrowing of more than 116% of the value of the home were reduced to 106% and are still continuously being reduced every year. The deduction is also capped to 50.5% and reducing every year. Together with the after-effects of the Great Recession the result was a housing crisis, with a decrease of prices almost 25% percent in some areas. Recent years have shown a recovery of 10% to even 20% per year in

515-484: A certain currency . However, monetary transactions only account for a small part of the economic domain. Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology , innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) and changes in industrial relations (most notably child labor being replaced in some parts of

618-681: A completely unrelated item can sell that item. An example is Harley-Davidson branded clothing. Idol goods or idol merchandise are various types of merchandise related to celebrities ("idols"). Consumption of idol goods is a significant part of the idol fandom. Such goods create and reinforce a more physical connection between fans and celebrities. Examples of common idol goods include stationery items, compact discs , photo albums , calendars, telephone cards, T-shirts (see also concert T-shirt ), key chains, lapel pins, and various other goods. Virtual idols can be considered an idol good themselves as they can be bought and sold. An idol can have

721-773: A country or an area", seems not to have developed until the 1650s. As long as someone has been making, supplying and distributing goods or services, there has been some sort of economy; economies grew larger as societies grew and became more complex. Sumer developed a large-scale economy based on commodity money , while the Babylonians and their neighboring city states later developed the earliest system of economics as we think of, in terms of rules/laws on debt , legal contracts and law codes relating to business practices, and private property. The Babylonians and their city state neighbors developed forms of economics comparable to currently used civil society (law) concepts. They developed

824-491: A generous mortgage interest deductibility , which benefit the wealthier households. Due to the generous pensions the pension-related savings are the most important part of wealth in the Netherlands, yet are not subject to capital income taxation, which increases the inequality. The taxation comes as income tax when the saved pension is paid out. People having earned minimum wages only, will not build up any pension. The idea behind

927-513: A global information society as understanding of a new type of "all-connected" society is created. In the late 2000s, the new type of economies and economic expansions of countries like China , Brazil , and India bring attention and interest to economies different from the usually dominating Western-type economies and economic models. A market economy is one where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or

1030-401: A larger portion of companies' annual budgets, its appearance in the hands of unintended recipients increases. However, this has been found to generate a positive outcome for companies without any additional effort after producing the merchandise because of the concept of silent persuasion . The concept theorizes that even without the acknowledgement of the brand being promoted on the merchandise,

1133-403: A major shipping and manufacturing center. Poverty slowly declined and begging largely disappeared along with steadily improving working conditions for the population. In 1959, the Netherlands discovered large natural gas fields. The export of natural gas led to large windfall profits. However, as an unforeseen consequence, these were believed to have led to a decline in the manufacturing sector in

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1236-471: A maximum income-ceiling. Whilst employed persons get their contribution deducted automatically from their wage, the unemployed pay by themselves. The AKW is financed by employers, whereas the AOW is financed by the employees. The AOW, additionally, is financed by a small government subsidy. The Werknemersverzekering is compulsory for all employed people within the Netherlands. It includes the coverage of employees in

1339-424: A number of organizations that supply merchandising services to support retail outlets with general stock replenishment and merchandising support in new stores. By doing this, retail stores have been able to substantially reduce the number of employees needed to run the store. While stocking shelves and building displays is often done when the product is delivered, it is increasingly a separate activity from delivering

1442-545: A pension is to have a net income after retirement that is comparable to before retirement. The AOW, the Dutch retirement law, guarantees an income up to 70% of minimum wage per person. Therefore, only people earning more than minimum wage need to save to ensure comparable income after retirement. The Netherlands was one of the few countries in the world where the interest paid on mortgages is almost fully deductible from income tax. Since 2013 big changes were made. The conditions allowing

1545-610: A profound effect on the socioeconomic and cultural conditions starting in the United Kingdom , then subsequently spreading throughout Europe , North America , and eventually the world. The onset of the Industrial Revolution marked a major turning point in human history; almost every aspect of daily life was eventually influenced in some way. In Europe wild capitalism started to replace the system of mercantilism (today: protectionism ) and led to economic growth . The period

1648-416: A rigorous and stable microeconomic policy with wide-ranging structural and regulatory reforms. The government has gradually reduced its role in the economy since the 1980s. Privatization and deregulation is still continuing. With regards to social and economic policy, the government cooperates with its so called social partners ( trade unions and employers' organizations ). The three parties come together in

1751-504: A state. The first economist in the true modern meaning of the word was the Scotsman Adam Smith (1723–1790) who was inspired partly by the ideas of physiocracy , a reaction to mercantilism and also later Economics student, Adam Mari. He defined the elements of a national economy: products are offered at a natural price generated by the use of competition - supply and demand - and the division of labor . He maintained that

1854-536: A week, heads of stockholders and voluntary workers that earn up to €150 per year. To profit from the benefit the unemployed has to submit an application to the Employee Insurance Agency ( Uitvoeringsinstituut Werknemersverzekeringen (UWV)) within one week of becoming unemployed and additionally has to register as job-seeker. The WW only covers employees with a sufficient work history, meaning that an applicant has to have been working for at least 26 weeks in

1957-457: Is Borssele , which became operational in 1973 and as of 2011 produces about 4% of the country's electricity. The older Dodewaard nuclear power plant was a test reactor that later got attached to the national grid but was closed in 1997. A 2MW research reactor known as Reactor Institute Delft (RID) is located in Delft, as part of the physics department of Delft University of Technology . This reactor

2060-528: Is a major trade, logistics and economic center of the world and is Europe's largest seaport . Netherlands is ranked fifth on global innovation index and fourth on the Global Competitiveness Report . Among OECD nations, Netherlands has a highly efficient and strong social security system; social expenditure stood at roughly 25.3% of GDP . The Netherlands has a prosperous and open economy , which depends heavily on foreign trade . The economy

2163-455: Is also applied in philosophy to designate the fading of postmodernism in the late 90s and especially in the beginning of the 21st century. With the spread of Internet as a mass media and communication medium especially after 2000–2001, the idea for the Internet and information economy is given place because of the growing importance of e-commerce and electronic businesses, also the term for

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2266-535: Is also promoted). Mother's Day and Father's Day are next, with graduation gifts (typically small consumer electronics like digital cameras ) often being marketed as "dads and grads" in June (though most college semesters end in May; the grads portion usually refers to high school graduation, which occurs one to two weeks after Father's Day in many U.S. states). Summer merchandise is next, including patriotic-themed products with

2369-461: Is called Keynesianism in his honor. In the late 1950s, the economic growth in America and Europe—often called Wirtschaftswunder (German for economic miracle ) —brought up a new form of economy: mass consumption economy . In 1958, John Kenneth Galbraith (1908–2006) was the first to speak of an affluent society in his book The Affluent Society . In most of the countries the economic system

2472-692: Is called a social market economy . With the fall of the Iron Curtain and the transition of the countries of the Eastern Bloc towards democratic government and market economies, the idea of the post-industrial society is brought into importance as its role is to mark together the significance that the service sector receives instead of industrialization. Some attribute the first use of this term to Daniel Bell's 1973 book, The Coming of Post-Industrial Society , while others attribute it to social philosopher Ivan Illich's book, Tools for Conviviality . The term

2575-548: Is called the Industrial Revolution because the system of production and division of labor enabled the mass production of goods . The contemporary concept of "the economy" wasn't popularly known until the American Great Depression in the 1930s. After the chaos of two World Wars and the devastating Great Depression, policymakers searched for new ways of controlling the course of the economy. This

2678-479: Is common especially with the science fiction and horror genres . Occasionally, shows which were intended more for children find a following among adults (for example, Gundam model kits ). An early example of this phenomenon was the cartoon character Little Lulu, who became licensed to products for adults, such as Kleenex facial tissue. Sometimes a brand of non-media products can achieve enough recognition and respect that simply putting its name or images on

2781-612: Is especially prevalent in is clothing or fashion retail in which potential sizing issues can be a large factor in a customer refraining from purchasing an item online. Moreover, accurately portraying the texture and quality of a product in all areas of retail, not limited to fashion, remains a challenge in the field of online merchandising as the lack thereof has been proven to result in more indecision for consumers. Because of this, many companies look for ways to improve their online shopping options to make browsing merchandise as similar to an in-store experience as possible while keeping up with

2884-722: Is exchanged. Due to the growing importance of the financial sector in modern times, the term real economy is used by analysts as well as politicians to denote the part of the economy that is concerned with the actual production of goods and services, as ostensibly contrasted with the paper economy , or the financial side of the economy, which is concerned with buying and selling on the financial markets. Alternate and long-standing terminology distinguishes measures of an economy expressed in real values (adjusted for inflation ), such as real GDP , or in nominal values (unadjusted for inflation). The study of economics are roughly divided into macroeconomics and microeconomics . Today,

2987-487: Is half of the EU average (59%). Dutch firms face significant long-term hurdles to investment, including a lack of trained people (71%), and high energy prices (66%). Barriers are diminishing, with numbers lower than the EU average and than 2021. For example, the availability of funding is less of an impediment than across the EU (23% versus 44%). In 2023, one in ten Dutch enterprises (13%) brought new goods, processes, or services to

3090-453: Is home to several large multinationals. Well-known multinationals are Heineken , Ahold , Philips , TomTom , Randstad and ING , all of which have their headquarters in Amsterdam . Thousands of companies of non-Dutch origin have their headquarters in the Netherlands, like EADS , LyondellBasell and IKEA , because of attractive corporate tax levels. The Netherlands' biggest companies in

3193-662: Is known as the Dutch Golden Age . This economic boom abruptly came to an end by a combination of political-military upheavals and adverse economic developments around 1670. Still the Netherlands kept a high level of prosperity, due to trade and agriculture. Towards the 1800s, the Netherlands did not industrialize as rapidly as some other countries in Europe. One explanation for this is that the Netherlands were struggling to come to terms with having lost their dominant economical (based mainly on trade and agriculture) and political position in

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3296-482: Is not meant for energy provision but used as a neutron and positron source for research. In 1994, the States General of the Netherlands voted to phase out nuclear power after a discussion of nuclear waste management. In 1997, the power station at Dodewaard was shut down and the government decided it was planning to end Borssele 's operating license in 2003. This has since been postponed to 2034, if it complied with

3399-476: Is noted for stable industrial relations, fairly low unemployment and inflation , a sizable current account surplus (which, compared to the size of the country, is even more than Germany) and an important role as a European transportation hub; Rotterdam is the biggest port in Europe; and Amsterdam has one of the biggest airports in the world. Industrial activity is predominantly in food processing , chemicals, petroleum refining, high-tech , financial services,

3502-566: Is on final closeout and overstock of school supplies is marked-down some as well, and Halloween (and often even more of the Christmas) merchandise is appearing. As the Halloween decorations and costumes dwindle in October, Christmas is already being pushed on consumers, and by the day after Halloween retailers are going full-force with advertising, even though the "official" season does not start until

3605-414: Is relatively low in the Netherlands. However, the inequality when measured in distributions of household wealth is high, where the top 1% owns 24% of all net wealth, and the top 10% own 60%. Moreover, rather large wealth disparities persist in the Netherlands in relation to age, where those under 35 years-of-age own 10% as much as older workers. This is a consequence from the low taxation of home ownership and

3708-474: Is studied at the regional and national levels, and common analyses include income and production, money, prices, employment, international trade, and other issues. Merchandise In retail commerce, visual display merchandising means merchandise sales using product design , selection, packaging , pricing , and display that stimulates consumers to spend more. This includes disciplines and discounting , physical presentation of products and displays, and

3811-466: The AOW act of 1956, a state pension, from the age of 65. The act was amended in 2012 that makes the age in several stages up to 67 years in 2024 . Married couples or those who live together receive 50% of minimum wage per person and a single person receives 70% of minimum wage. Most (about 70%) earn an extra pension from private pension funds. Employees are obliged to take part in the sector pension funds. In total

3914-590: The Dutch East India Company . The Netherlands is a founding member of the European Union , the OECD and the World Trade Organization . After declaring its independence from the empire of Philip II of Spain in 1581, the Netherlands experienced almost a century of explosive economic growth. A technological revolution in capital, due to Protestant traders of Flanders who fled to the Netherlands, helped

4017-705: The Fortune Global 500 as of 2022 are as following: Economy An economy is an area of the production , distribution and trade , as well as consumption of goods and services . In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture , values , education, technological evolution, history, social organization , political structure , legal systems , and natural resources as main factors. These factors give context, content, and set

4120-456: The House of Representatives has agreed to loosen these regulations. Due to the costs of employees and costs of firing them, a big part of the working force (about 15% of the working force) is an independent one person company (ZZP). They are independent and get paid by delivery without higher social costs. Another big part of the workforce is hired as temporary workforce. State unemployment benefits in

4223-551: The North Sea are of little importance, the Netherlands have an estimated 25% of natural gas reserves in the EU. Natural gas reserves of the Netherlands are estimated (as of 2014) to be about 600 billion cubic feet, or about 0.3% of the world total. In 2014–2015 the government decided to reduce the production of gas in the province Groningen significantly due to problems of sinking ground, differential settlement levels and tremors (small earth quakes) causing damages to properties, end 2018

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4326-531: The Patent Office in London, making Peter the oldest licensed fictional character. Erica Wagner of The Times states, "Beatrix Potter was the first to recognise that content—as we now call the stuff that makes up a book or a film—was only the beginning. In 1903, Peter hopped outside his pages to become a patented soft toy, which gave him the distinction of being not only Mr. McGregor‘s mortal enemy, but also becoming

4429-477: The Social-Economic Council (‘Sociaal Economische Raad’), the main platform for social dialogue . The Dutch social security is very comprehensive, covering Dutch residents in an encompassing manner and is divided into the national security ( Volksverzekering ) and the employee insurance ( Werknemersverzekering ). Whereas the first covers all living in the Netherlands and the social benefits provided,

4532-512: The World Economic Forum 's Global Competitiveness Report . In 2018, in addition to smaller productions of other agricultural products, the Netherlands produced: The discovery of the large Groningen natural gas field in 1959 and the massive windfalls accrued over subsequent decades, were believed to have led to a decline in the manufacturing sector in the Netherlands, leading to the theory of Dutch disease . While its oil reserves in

4635-500: The freeholders . The economic discussion was driven by scarcity . In Chinese economic law, the huge cycle of institutional innovation contains an idea. Serving a non-market economy promotes a firm's tenure that is legally guaranteed and protected from bureaucratic opportunities. In the Middle Ages, what is now known as an economy was not far from the subsistence level. Most exchange occurred within social groups . On top of this,

4738-490: The loss of biodiversity and ecosystem services . A gig economy is one in which short-term jobs are assigned or chosen on-demand. The global economy refers to humanity's economic system or systems overall. An informal economy is neither taxed nor monitored by any form of government. The economy may be considered as having developed through the following phases or degrees of precedence: In modern economies, these phase precedences are somewhat differently expressed by

4841-473: The supply chain , merchandising is the practice of making products in retail outlets available to consumers, primarily by stocking shelves and displays. While this used to be done exclusively by the stores' employees, many retailers have found substantial savings in requiring it to be done by the manufacturer, vendor, or wholesaler that provides the products to the retail store. In the United Kingdom, there are

4944-521: The three-sector model : Other sectors of the developed community include: The gross domestic product (GDP) of a country is a measure of the size of its economy, or more specifically, monetary measure of the market value of all the final goods and services produced. The most conventional economic analysis of a country relies heavily on economic indicators like the GDP and GDP per capita . While often useful, GDP only includes economic activity for which money

5047-653: The American flag, placed on the market by Memorial Day in preparation for Independence Day (with Flag Day in between). By July, back-to-school is on the shelves and autumn merchandise is already arriving, and at some arts and crafts stores, Christmas decorations . (Often, a Christmas in July celebration is held around this time.) The back-to-school market is promoted heavily in August, when there are no holidays to promote. By September, particularly after Labor Day , summer merchandise

5150-448: The Dutch or global market. Majority of Dutch firms are also more technologically oriented than EU peers - almost eight out of ten Dutch firms (78%) employed at least one digital technology in 2023. The EU average is 70%. The majority of Dutch firms utilise digital platform technologies (59%), robots (56%), and the Internet of Things (55%), whereas just a small percentage use 3D printing (19%) or augmented/VR technology (15%). The Netherlands

5253-409: The EU, Dutch firms prioritise new goods or services (26% vs. 34% for replacement). In keeping with the EU average of 10%, just 7% of enterprises in the Netherlands do not plan to invest. Dutch companies were hurt by the energy crisis in 2022 - 2023, albeit to a lower extent than those elsewhere in the EU. While most companies are concerned about energy prices, just 30% consider it a critical issue. This

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5356-449: The English model and the success of England's joint-stock enterprises and trading guilds. Beside trade, an early "industrial revolution" (powered by wind, water and peat ), land reclamation from the sea, and agricultural revolution, helped the Dutch economy achieve the highest standard of living in Europe (and presumably the world) by the middle of the 17th century. Affluence facilitated what

5459-452: The Netherlands into a modern middle-class industrial society. The number of people employed in agriculture decreased while the country made an effort to revive its stake in the highly competitive industrial and trade business. The Netherlands lagged behind Belgium until the late 19th century in industrialization, then caught up by about 1920. Major industries included textiles and (later) the great Philips industrial conglomerate. Rotterdam became

5562-446: The Netherlands, 78% of enterprises have invested in reducing carbon emissions and mitigating the impact of weather disasters as of 2023. Six out of ten (60%) plan to invest in these areas during the next three years. The numbers for 'already invested' and 'intend to invest' above the EU average (56% and 54%, respectively). The largest invested is in trash reduction or recycling (86% of Dutch firms). Dutch companies are more likely to see

5665-509: The Netherlands. While the private sector is the cornerstone of the Dutch economy, governments at different levels have a large part to play. Public spending, excluding social security transfer payments, was at 28% of GDP in 2011. Total tax revenue was 38.7% of GDP in 2010, which was below the EU average. In addition to its own spending, the government plays a significant role through the permit requirements and regulations pertaining to almost every aspect of economic activity. The government combines

5768-546: The United States the basic retail cycle begins in early January with merchandise for Valentine's Day , which is not until mid-February. Presidents' Day sales are held shortly thereafter. Following this, Easter is the major holiday, while springtime clothing and garden-related merchandise is already arriving at stores, often as early as mid-winter (toward the beginning of this section, St. Patrick's Day merchandise, including green items and products pertaining to Irish culture,

5871-403: The amount of pension funds were at the end of 2009 some 664 billion euro and at the end of 2019 1560 billion euro for a bit more than 17 million people. Employees receive on average about 70% of their last salary. During the economic crisis and because of low interest rates, pensions funds have had difficulty keeping up with inflation. With a Gini coefficient of 25.1 (2013) the income inequality

5974-415: The basic motive for free trade is human self-interest. The so-called self-interest hypothesis became the anthropological basis for economics. Thomas Malthus (1766–1834) transferred the idea of supply and demand to the problem of overpopulation . The Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture , manufacturing , mining , and transport had

6077-414: The beverage and baked goods industries, their merchandisers are often the single largest employee group within the company. For nationwide branded goods manufacturers such as The Coca-Cola Company and PepsiCo , their respective merchandiser work forces number in the thousands. This concept can be linked to marketing channels which bring products from the possession of the producer into the possession of

6180-467: The calculation of the benefits, if a change of work has taken place. To obtain the benefits for a continued time, the unemployed needs to be actively looking for work. Moreover, one needs to participate in e-coaching three and twelve months after the start of unemployment. After one year of unemployment one must register with an employment agency. The Dutch labour market has relatively strict regulations for employers on firing employees, although by June 2014

6283-418: The conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses , organizations , or governments . Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in

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6386-466: The consumer. In recent decades, these methods utilized by companies to provide merchandise have expanded from in-person only, to online-only for some stores during the COVID-19 pandemic , to a mixture of both, sometimes referred to as omnichannel retailing . The combination of both options for consumers provides a favorable encounter with retailers that makes them more likely to purchase products and return to

6489-466: The country's GDP and 9.6% in total to its employment. With its global ranking of 147th and 83rd place for total contribution to respectively GDP and employment, tourism is a relatively small sector of the Dutch economy. North Holland was by far the most popular province for foreign tourists in 2011. Out of all 11.3 million tourists, 6 million visited North Holland. South Holland took the second place with 1.4 million. Germans, Britons and Belgians made up

6592-404: The creative sector and electrical machinery. Its highly mechanized agricultural sector employs no more than 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Netherlands has had steady natural gas resources since 1959, when a wellspring

6695-485: The day after Thanksgiving . Christmas clearance sales begin even before Christmas at many retailers, though others begin on the day after Christmas and continue on at least until New Year's Day but sometimes as far out as February. The trend of stocking stores with merchandise many weeks prior to the actual event targeted and the period of consumption can be described by the term advance selling. Although it may seem disadvantageous for sellers, advance selling can have

6798-420: The decisions about which products should be presented to which customers at what time. Often in a retail setting, creatively tying in related products or accessories is a great way to entice consumers to purchase more. Merchandising helps to understand the ordinary dating notation for the terms of payment of an invoice. Codified discounting solves pricing problems including markups and markdowns. It helps to find

6901-505: The discovery of the vast Groningen gas field . The Netherlands is a "conduit country" that helps to funnel profits from high-tax countries to tax havens. It has been ranked as the 4th largest tax haven in the World. The stern financial was abandoned in 2009, because of the then-current credit crises. The relatively large banking sector was partly nationalized and bailed out through government interventions. The unemployment rate dropped to 5.0% in

7004-470: The duration of two months. After those two months the benefits amount to 70%. Part-time work is taken into account with a calculation of parts of the working hours. If this benefit is less than the minimum income, the unemployed has the possibility of supplementation through the Additional Allowances Act (Toeslagenwet) to sum up the amount. All jobs in the previous twelve months are counted in to

7107-626: The first stock exchange was founded in Antwerp . Economy at the time meant primarily trade . The European captures became branches of the European states, the so-called colonies . The rising nation-states Spain , Portugal , France , Great Britain and the Netherlands tried to control the trade through custom duties and mercantilism (from mercator , lat.: merchant ) was a first approach to intermediate between private wealth and public interest . The secularization in Europe allowed states to use

7210-472: The first known codified legal and administrative systems, complete with courts, jails, and government records. The ancient economy was based primarily on subsistence farming . The Shekel are the first to refer to a unit of weight and currency, used by the Semitic peoples . The first usage of the term came from Mesopotamia circa 3000 BC. and referred to a specific mass of barley which related other values in

7313-436: The first licensed character". Merchandising for children is most prominently seen in connection with films and videogames , usually those in current release and with television shows oriented towards children. Merchandising, especially in connection with child-oriented films, TV shows and literature, often consists of toys made in the likeness of the show or book's characters (action figures) or items which they use. This

7416-508: The following areas: The financing for the Werknemersverzekering is automatically deducted from the employee's income by the employer. The unemployment benefits in the Netherlands, as set out under the WW, covers almost all employees, that are employees based on a working-contract. Excluded from the WW are the following: self-employed, nationally employed, persons working less than four days

7519-692: The form of a 70% benefit of the employee's last-earned salary for up to three years (with a maximum of roughly 2500 euros per month) are available for fired employees, provided that they have worked for a certain minimum time period, usually 26 weeks. Moreover, the self-employed individuals (zelfstandigen zonder personeel (ZZP)) are not automatically covered under the Werknemersverzekeringen , and are not obligated to enroll into unemployment, sickness or disabilities insurance. Self-employed individuals, hence, are required to enroll themselves with private insurance companies. Every Dutch citizen gets according to

7622-611: The government decided to completely abandon the gas production in the province of Groningen by reducing the production slightly each year, the production was expected to come to a halt entirely by 2028. On June 23, 2023, the government decided to close the remaining five production facilities as of October 1, 2023. The possibility of reopening one or more facilities is being kept open, citing the uncertain international situation and possibly very cold weather as possible reasons for this. All wells will be permanently closed and dismantled as of October 1, 2024. To reduce its greenhouse emissions ,

7725-442: The government of the Netherlands is subsidizing a transition away from natural gas for all homes in the country by 2050. In the Netherlands, 98% of enterprises are reducing greenhouse gas emissions, beating the EU average of 89%. However, only 48% of Dutch firms set and monitor their own emission targets. Dutch enterprises mostly cut emissions through waste reduction or recycling (86%), as well as energy efficiency programmes (76%). In

7828-465: The great conquerors raised what we now call venture capital (from ventura , ital.; risk ) to finance their captures. The capital should be refunded by the goods they would bring up in the New World . The discoveries of Marco Polo (1254–1324), Christopher Columbus (1451–1506) and Vasco da Gama (1469–1524) led to a first global economy. The first enterprises were trading establishments. In 1513,

7931-405: The growing online market. In marketing , one of the definitions of merchandising is the practice in which the brand or image from one product or service is used to sell another. Trademarked brand names, logos, or character images are licensed to manufacturers of products such as toys or clothing, which then make items in or emblazoned with the image of the license, hoping they'll sell better than

8034-500: The highest safety standards. After the 2010 election , the new government was open to expanding nuclear power. Both of the companies that share ownership of Borssele are proposing to build new reactors. In January 2012, Delta announced it postpones any decision to start building a second nuclear power plant. In 2011, the Netherlands was visited by 11.3 million foreign tourists. In 2012, the Dutch tourism industry contributed 5.4% in total to

8137-400: The immense property of the church for the development of towns. The influence of the nobles decreased. The first Secretaries of State for economy started their work. Bankers like Amschel Mayer Rothschild (1773–1855) started to finance national projects such as wars and infrastructure . Economy from then on meant national economy as a topic for the economic activities of the citizens of

8240-464: The individual utilizing it is affected in their future actions as a consumer. Furthermore, a 2019 study found that the tactile usage of the products produced a greater response in consumers than a solely visual interaction with a product such as posters. This study concluded that considering allotting a greater sum of money to smaller pieces of merchandising that promote a brand would benefit newer companies that have yet to become quickly recognizable. In

8343-553: The latter provides employment-related benefits. All living in the Netherlands are required to pay into the social security system, including residents from outside the Netherlands, with a few exceptions. The Volksverzekering is compulsory for all and covers the residents under different forms of national insurance: It is overseen by the Social Insurance Bank ( Sociale Verzekeringsbank (SVB)) and financed through earning-related contributions of employers and employees up until

8446-422: The leading European nations for attracting foreign direct investment and is one of the five largest investors in the United States. The economy experienced a slowdown in 2005, but in 2006 recovered to the fastest pace in six years on the back of increased exports and strong investment. The pace of job growth reached 10-year highs in 2007. The Netherlands is the fifth-most competitive economy in the world, according to

8549-732: The majority of foreign tourists, respectively 3, 1.5 and 1.4 million. As of 2020, there are nine World Heritage Sites in the Netherlands . The Netherlands are well known for their art and rich historical heritage. The following table shows the main economic indicators in 1980–2021 (with IMF staff estimates in 2022–2027). Inflation under 5% is in green. (in Bil. US$ PPP) (in US$ PPP) (in Bil. US$ nominal) (in US$ nominal) (real) (in Percent) (in Percent) (in % of GDP) In 2022,

8652-687: The most popular cities. The Service sector accounts for more than half of the national income, primarily in transportation, distribution and logistics , financial areas, software development and the creative industry. The breadth of service providers in financial services has contributed to the Netherlands achieving a DAW Index score of 5 in 2012. Industrial activity is dominated by the machinery, electronics/high tech industry, metalworking, oil refining, chemical, and food-processing industries. Construction amounts to about 6% of GDP. Agriculture and fishing, although visible and traditional Dutch activities, account for just 2%. The Netherlands continues to be one of

8755-628: The net price of an item after single or multiple trade discounts and can calculate a single discount rate that is equivalent to a series of multiple discounts. Further, it helps to calculate the amount of cash discount for which a payment qualifies. The annual cycle of merchandising differs between countries and even within them, particularly relating to cultural customs like holidays, and seasonal issues like climate and local sporting and recreation. Events such as Chinese festivals and Japanese festivals are incorporated in an annual cycle of shop decorations and merchandise promotion. As just one example, in

8858-671: The opposite effect. For example, this practice works to counteract a lack of abundant capacity in stores during prime seasons and a lack of value in premature products. Merchandising also varies within retail chains , where stores in places like Buffalo might carry snow blowers , while stores in Florida and southern California might instead carry beach clothing and barbecue grills all year. Coastal-area stores might carry water skiing equipment, while ones near mountain ranges would likely have snow skiing and snowboarding gear if there are ski areas nearby. As promotional merchandise acquires

8961-489: The original show, even lasting decades after the show has largely disappeared from popularity. In other cases, large amounts of merchandise can be generated from a pitifully small amount of source material ( Mashimaro ). The most common adult-oriented merchandising is that related to professional sports teams (and their players). A smaller niche in merchandising is the marketing of more adult-oriented products in connection with similarly adult-oriented films and TV shows. This

9064-429: The past 36 weeks before becoming unemployed. If so, the working-weeks requirement is met. Moreover, the employee is only eligible to unemployment benefits if the unemployment has not been due to his own fault (e.g. own termination of the job contract). The benefits received through the WW are earnings-related and amount to a sum of 75% percent of the previous earnings per day (which is based on 5 working days per week) for

9167-450: The product. In grocery stores, for example, almost all products delivered directly to the store from a manufacturer or wholesaler will be stocked by the manufacturer's/wholesaler's employee who is a full-time merchandiser. Product categories where this is common are Beverage (all types, alcoholic and non-alcoholic), packaged baked goods (bread and pastries), magazines and books, and health and beauty products. For major food manufacturers in

9270-431: The range of fields of study examining the economy revolves around the social science of economics, but may also include sociology , history , anthropology , and geography . Practical fields directly related to the human activities involving production , distribution , exchange , and consumption of goods and services as a whole are business , engineering , government , and health care . Macroeconomics

9373-494: The same item with no such image. For the owners of the IP ( intellectual property ) in question, merchandising is a very popular source of revenue, due to the low cost of letting a third party manufacture the merchandise, while the IP owners collect the merchandising (royalty) fees. In 1903, a year after publishing The Tale of Peter Rabbit , English author Beatrix Potter created the first Peter Rabbit soft toy and registered him at

9476-410: The sector with the highest number of companies registered in Netherlands is Services with 761,749 companies followed by Finance, Insurance, and Real Estate and Retail Trade with 693,255 and 101,025 companies respectively. In the Netherlands, 91% of enterprises say they have invested appropriately during the past three years (2023 - 2020). This beats the EU average at 82%. Compared to other enterprises in

9579-404: The seller again at a future date. However, these strategies can be difficult for sellers to maintain as it can require many more physical and technical resources that may not be currently available to them. A challenge that online retailers face in comparison to the traditional in-store shopping experience is the sensory exploration that isn't available to consumers through a screen. An area this

9682-502: The summer of 2011, but increased with a sharp rate to 7.3% in May 2013, and 6.8% in 2015. It dropped again to 3.9% in March 2018. The state budget deficit was about 2.2% in 2015, well below the norm of 3.0% in the EU. In 2016, the state budget showed a surplus of 0.4%. It was expected to grow to a surplus of over 1.0% in 2017. Historically, the Dutch introduced and invented the stock market , which initially focused on merchandise trading through

9785-413: The transition to stronger climate laws as an opportunity (39% vs 23% from other European firms). Researchers in the Netherlands began studying nuclear energy in the 1930s and began construction of research reactor Dodewaard in 1955. Researchers’ goal was to introduce nuclear power technology by 1962 and replace fossil fuels . In 1968, a test nuclear reactor was attached to the power grid . This unit

9888-630: The world with universal access to education ). The word economy in English is derived from the Middle French 's yconomie , which itself derived from the Medieval Latin 's oeconomia . The Latin word has its origin at the Ancient Greek 's oikonomia or oikonomos . The word's first part oikos means "house", and the second part nemein means "to manage". The most frequently used current sense, denoting "the economic system of

9991-429: The world's 11th highest per capita GDP (nominal) and the 13th highest per capita GDP (PPP) as of 2023 making it one of the highest earning nations in the world. Many of the world's largest tech companies are based in its capital Amsterdam or have established their European headquarters in the city, such as IBM , Microsoft , Google , Oracle , Cisco , Uber , Netflix and Tesla . Its second largest city Rotterdam

10094-405: The world. Griffiths argues that government policies made possible a unified Dutch national economy in the 19th century. They included the abolition of internal tariffs and guilds; a unified coinage system; modern methods of tax collection; standardized weights and measures; and the building of many roads, canals, and railroads. The rest of Europe in the 19th century saw the gradual transformation of

10197-548: The young Republic become the dominant trade power by the mid-17th century. In 1670 the Dutch merchant marine totalled 568,000 tons of shipping—about half the European total. The main reasons for this were the dominance of the Amsterdam Entrepôt in European trade, and that of the Dutch East India Company (or Verenigde Oost-Indische Companie – VOC) and West India Companies in intercontinental trade. These companies were based on

10300-424: Was discovered. Currently the Netherlands accounts for more than 25% of all natural gas reserves in the European Union . Over the following decades, the sale of natural gas generated a significant rise in revenue for the Netherlands. However, the unforeseen consequences of the country's energy wealth originally impacted the competitiveness of other sectors of the economy, leading to the theory of Dutch disease , after

10403-494: Was explored and discussed by Friedrich August von Hayek (1899–1992) and Milton Friedman (1912–2006) who pleaded for a global free trade and are supposed to be the fathers of the so-called neoliberalism . However, the prevailing view was that held by John Maynard Keynes (1883–1946), who argued for a stronger control of the markets by the state. The theory that the state can alleviate economic problems and instigate economic growth through state manipulation of aggregate demand

10506-527: Was first seen with the Peter Rabbit soft toy in 1903, with the Smithsonian magazine stating Beatrix Potter "created a system that continues to benefit all licensed characters, from Mickey Mouse to Harry Potter ." However, sometimes it can be the other way around, with the show written to include the toys, as advertising for the merchandise. Sometimes merchandising from a television show can grow far beyond

10609-539: Was shut down in 1997. In the 1970s, the Dutch chose a policy that required reprocessing all spent nuclear fuel . In 1984, the government decided to create a long-term (100 years) storage facility for all intermediate and low-level radioactive waste and research strategies for ultimate disposal. In September 2003, the Central Organization for Radioactive Waste created an interim storage facility for high-level waste . The Netherlands' only commercial nuclear reactor

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