Economic Sciences

Economic sciences study how individuals, businesses, and governments make choices about allocating limited resources—like money, labor, and raw materials—to satisfy their needs and desires. It analyzes markets, prices, and policies to understand how economic systems function, grow, and respond to changes. Economics helps explain phenomena like inflation, unemployment, and growth, guiding decisions that impact everyday life and society's overall well-being. It combines elements of behavior, policy, and data analysis to promote efficient resource use and economic stability.