Economics is the social science that studies how individuals, businesses, and governments allocate scarce resources to satisfy their needs and wants. It examines the production, distribution, and consumption of goods and services, analyzing the choices made by various entities in the face of limited resources. Economics is typically divided into two main branches: microeconomics, which focuses on individual agents and markets, and macroeconomics, which looks at the economy as a whole, including issues like inflation, unemployment, and overall economic growth. Economists use theories and models to understand economic phenomena, make predictions, and inform public policy.
The U.S. plans to increase tariffs by April 2, impacting trade dynamics across the Americas. Mexico's Foreign Affairs Secretary, Ebrard, is leading negotiations to protect Mexico's economy from these tariffs.…
Kazakhstan and Uzbekistan are revitalizing ancient trade routes with a plan to create four new trade corridors, fostering economic collaboration and growth. The partnership was highlighted at a meeting in…