Economics

Economics is the study of how individuals, businesses, governments, and societies make choices about how to allocate limited resources to satisfy their needs and wants. It examines how people use resources like money, labor, land, and capital to produce goods and services, and how those goods and services are distributed and consumed.

Economics is typically divided into two main branches: microeconomics and macroeconomics. Economics is essential for understanding and addressing the complexities of human behavior, markets, and global challenges. Its insights help guide policy decisions, business strategies, and personal financial choices.