Economics
Economics is the study of how societies allocate limited resources to meet their unlimited needs and wants. It examines how individuals, businesses, governments, and other entities make decisions about production, consumption, and distribution of goods and services. Economics is divided into two main branches: microeconomics, which focuses on individual economic agents and their behaviors, and macroeconomics, which studies the overall performance and trends of economies on a larger scale. By analyzing factors such as supply and demand, market structures, inflation, unemployment, and economic growth, economics provides insights into how economies function and how policies can influence their outcomes. It plays a crucial role in informing public policy, business decisions, and our understanding of the complex interactions that drive global markets.