economist theory

Economist theory studies how people make choices about using resources—like money, time, and goods—to satisfy wants and needs. It examines how markets function, how prices are determined, and how supply and demand interact. The goal is to understand the factors influencing economic behavior and to improve decision-making for individuals, businesses, and governments. These theories help explain phenomena like inflation, unemployment, and growth, providing insights that guide policies and strategies to promote efficiency, stability, and well-being in the economy.