Ekonomika

Ekonomika, or Economics in English, is the social science that studies the production, distribution, and consumption of goods and services. It analyzes how individuals, businesses, governments, and nations make choices about allocating scarce resources to satisfy their wants and needs. Economics is divided into two main branches: microeconomics, which focuses on individual agents and markets, and macroeconomics, which looks at the economy as a whole, including phenomena like inflation, unemployment, and economic growth. Economic theories and models help explain how economies function and guide policies for improving economic performance and stability.