Economics is the social science that studies how individuals, groups, and societies allocate resources to satisfy their needs and wants. It analyzes the production, distribution, and consumption of goods and services and seeks to understand how economic agents make decisions based on their preferences and constraints. Economics is typically divided into two main branches: microeconomics, which focuses on the behavior of individual units such as consumers and firms, and macroeconomics, which examines overall economic phenomena, including national income, inflation, and unemployment. The discipline employs various models and theories to explain observed economic behavior and inform policy decisions. Overall, economics explores complex interactions within markets and institutions, making sense of economic activity and advocating for efficiency, equity, and sustainable growth.
U.S. tariffs at 10%, targeting China, Vietnam, and the EU, triggered significant stock market volatility. The Dow Jones Industrial Average fell nearly 4% on Thursday and 5.5% on Friday, reminiscent…
U.S. stock market faced a dramatic downturn after President Trump's tariff announcement, with significant falls in the Dow Jones, S&P 500, and Nasdaq. A jobs report showed growth with 228,000…
The green energy market is poised for exponential growth, projected to expand from $1,137.83 billion in 2025 to $2,847.15 billion by 2032, reflecting a 14.0% compound annual growth rate. Renewable…
France plans a major reform in its sick leave compensation system, set to take effect by April 2025, impacting both public and private sector workers. Public servants will see their…
### Hawaii's Governor Highlights State Achievements Amid Looming Challenges In his third State of the State address, **Governor Josh Green** emphasized the achievements his administration has made over the past…