Economics is the social science that studies how individuals, groups, and societies allocate scarce resources to fulfill their needs and wants. It examines the production, distribution, and consumption of goods and services, as well as the behavior and interactions of economic agents. Economics is often divided into two main branches: microeconomics, which focuses on individual and business decision-making processes, and macroeconomics, which analyzes the overall economy and societal trends, including inflation, unemployment, and economic growth. The discipline employs various theories and models to understand complex economic phenomena, guide policy decisions, and predict future economic activities.
The euro has surged past $1.05 against the dollar, driven by the European Union's commitment to strengthening its defense industry. The EU plans to invest nearly €800 billion in enhancing…
The U.S. Social Security Administration faces potential interruptions affecting over 72.5 million Americans due to changes by the Department of Government Efficiency (DOGE). Elon Musk's push for governmental spending cuts…
Trump targets Ukraine’s rare earth elements for a strategic resource deal. Rare earths are essential for technology, including smartphones and electric cars. Proposed trade involves Ukraine providing minerals in exchange…
Portugal's absolute poverty rate saw a substantial decline in 2022, raising hopes for its citizens. This positive change reflects successful government and community efforts to reduce poverty. Investments in social…