Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.
Branches of economics
- Microeconomics
- Production, cost, and efficiency
- Specialization
- Supply and demand
- Firms
- Uncertainty and game theory
- Market failure
- Public sector
- Macroeconomics
- Growth
- Business cycle
- Unemployment
- Inflation and monetary policy
- Fiscal policy
- International economics
- Development economics
- Labor economics
- Welfare economics
