Economics is the study of how people allocate scarce resources to satisfy their unlimited wants and needs.

[{ "selector": ".luoke-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".ezdiw-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".sexbx-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

It is a social science that encompasses a wide range of topics, including microeconomics, macroeconomics, international economics, and behavioral economics.

Microeconomics focuses on the behavior of individuals and firms in markets, while macroeconomics studies the economy as a whole.

International economics examines the interactions between countries in the global economy.

Behavioral economics combines insights from psychology and economics to understand how people make decisions.

Economists use models and data to analyze economic phenomena and make predictions about future trends.

Economics has real-world applications in areas such as finance, public policy, and business strategy.

Economic growth, inflation, and unemployment are some of the key indicators used to measure the health of an economy.

Economics is a constantly evolving field, with new theories and ideas emerging all the time.