You will notice that many of the encyclopedic articles on this site are attributed in full or in part to the Editors of Encyclopaedia Britannica. The vast majority of articles attributed solely to the editors have been written, reviewed, or revised by external advisers and experts, and the lack of formal acknowledgment of their contributions was an editorial policy dating to the 1970s. In the absence of those authorities' names, Britannica’s editors, who have played a key role in the development and maintenance of such articles, have been designated as the contributor. More recently, nearly all Britannica contributors have been credited by name—whether they are editors, experts, or other members of the Britannica community—and the "The Editors of Encyclopaedia Britannica" attribution has been used in encyclopedic articles that combine writing by named contributors and later substantive revisions by Britannica’s editorial staff.[EDITORS]
Editorial quality has been Encyclopaedia Britannica’s top priority since the company was founded in 1768. Britannica’s methods for ensuring quality have changed over time, but their purpose has remained constant: to generate and validate content that represents the best, most up-to-date knowledge available. Readers today may find it amusing that Britannica’s first edition, published in 1768, says about California that "[i]t is uncertain whether it be a peninsula or an island." But for the small group of men in Scotland who were responsible for that first edition, this claim was the result of the best research possible at that time with the resources accessible to them. Over the following two centuries, Britannica established its reputation for clarity, accuracy, objectivity, and fairness by drawing on the best authorities of every era, whether the latest published scholarship or the most respected Nobel Prize winners.
Britannica’s editorial staff is responsible for developing and approving the content that appears in the company’s products. Britannica’s subject editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on content in those areas or via study for an advanced degree. Subject editors write new content and select, verify, and edit content received from contributors, and they collaborate with copy editors who help to ensure the accuracy of facts, the clarity of prose, and the consistency of style in new and revised content. Britannica’s media editors produce and acquire images, maps, videos, and more for Britannica’s products. Britannica’s World Data editors research and compile statistical information using a variety of authoritative sources.
But Britannica is not just its editorial staff. Britannica has long fostered vigorous interaction between its staff and its advisers, contributors, and audience. The feedback loop between these groups is today more active and beneficial than ever, and it guides all aspects of content development. Britannica’s goal is to share the best, most up-to-date knowledge that its audience wants, and its editors use a variety of strategies to accomplish that goal: they may commission original encyclopedic articles from experts on topics never before described in Britannica, or they may produce videos that explain complex ideas simply, or they may acquire high-caliber content that has been published elsewhere. Regardless of its type or origin, all such content must meet Britannica's high editorial standards.
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FAQs
Only 15 % of our revenue comes from Britannica content. The other 85% comes from learning and instructional materials we sell to the elementary and high school markets and consumer space. We have been profitable for the last eight years.
What are four types of money? ›
Different 4 types of money
- Fiat money – the notes and coins backed by a government.
- Commodity money – a good that has an agreed value.
- Fiduciary money – money that takes its value from a trust or promise of payment.
- Commercial bank money – credit and loans used in the banking system.
There are more than five stages of money's evolution. Still, five notable stages include: commodity money (i.e., grains, livestock), metallic money (i.e., coins), paper money, credit and plastic forms of currency, and digital money.
What was the first money in the world? ›
The shekel was the unit of weight and currency, first recorded c. 2150 BC, which was nominally equivalent to a specific weight of barley that was the preexisting and parallel form of currency.
How much does Britannica pay? ›
The average Encyclopædia Britannica hourly pay ranges from approximately $20 per hour (estimate) for a Front Desk Receptionist/Shipping and Receiving Clerk to $54 per hour (estimate) for a User Experience Designer. Encyclopædia Britannica employees rate the overall compensation and benefits package 2.6/5 stars.
Can you trust Britannica? ›
The articles in Britannica are written by expert authors who are both identifiable and credible. Many articles provide references to books and other sources about the topic covered.
What are the 4 rules of money? ›
The Four Fundamental Rules of Personal Finance
Spend less than you make. Spend way less than you make, and save the rest. Earn more money. Make your money earn more money.
Which is the most liquid form of money? ›
Cash is the most liquid asset possible as it is already in the form of money. This includes physical cash, savings account balances, and checking account balances.
What is full body money? ›
(i) Full bodied Money: Any unit of money, whose face value and intrinsic value are equal, is known as full bodied money, i.e. Money Value = Commodity Value. For example, during the British period, one rupee coin was made of silver and its value as money was same as its value as a commodity.
What is the future of money? ›
Q: What is the future of money? The future of money is expected to be heavily influenced by technology. Predictions include the rise of cashless societies, the growth of cryptocurrencies, the continued adoption of digital currencies, and the potential offering of a Central Bank Digital Currency (CBDC) by governments.
Symbolic meaning of money is the meaning of money that goes beyond tangible and physical characteristics of money.
How did money evolve? ›
The barter system likely originated 6,000 years ago. The first coin we know of is from the 7th century BC and the first paper money came into the world around 1020 AD. Eventually, medieval banking systems gave way to the gold standard, which in turn gave way to modern currency.
What is the weakest currency in the world? ›
What Is the Weakest Currency in the World? The weakest currency in the world is the Iranian rial (IRR). The USD to IRR operational rate of exchange is 371,992, meaning that one U.S. dollar equals 371,922 Iranian rials.
What was invented before money? ›
Before the creation of money, exchange took place in the form of barter, where people traded to get the goods and services they wanted. Two people, each having something the other wanted, would agree to trade one another. In economics, we call this a double coincidence of wants.
Who invented cash? ›
Historians generally agree that the Lydians were the first to make coins. However, in recent years, Chinese archaeologists have uncovered evidence of a coin production mint located in China's Henan Province thought to date to 640 B.C. In 600 B.C., Lydia began minting coins widely used for trading.
Who is Britannica funded by? ›
In January 1996, the Britannica was purchased from the Benton Foundation by billionaire Swiss financier Jacqui Safra, who serves as its current chair of the board. In 1997, Don Yannias, a long-time associate and investment advisor of Safra, became CEO of Encyclopædia Britannica, Incorporated.
Why does Britannica cost money? ›
Britannica's commitment to rigor, research, fact-checking, and editing is the prevailing reason we remain the pivotal place of knowledge. Honoring this commitment is time-consuming, expensive work. How do I donate to Encyclopaedia Britannica?
What is the annual revenue of Britannica? ›
Britannica's products have over 7 billion page views annually and are used by more than 150 million students, the website shows. Chief Executive Officer Jorge Cauz said in an interview in September 2022 the company would have revenue that year approaching $100 million.
Where does Britannica get their sources? ›
Britannica commissions work from experts, including leading thinkers in academia and journalism. Notable contributions have come from Nobel laureates and world leaders.
