Economics
Welcome to Economics – the study of how societies allocate scarce resources and make decisions about production, distribution, and consumption. This section explores the fundamental principles that drive economic behavior at individual, business, and societal levels.
Discover microeconomic concepts like supply and demand, market structures, and consumer behavior, alongside macroeconomic topics including GDP, inflation, monetary policy, and international trade. Understanding economics will help you interpret market dynamics, policy decisions, and the forces shaping our global economy.
Start exploring economic principles below to understand how markets and economies function.
A country’s budget shows how the government plans to earn and spend public money.
This article explains the meaning of a country budget, its major components, and how...
Every choice we make comes with a hidden cost—the opportunity we give up.
This article explains opportunity cost with simple real-life examples, helping you understand how...
Prices in a market are not random—they are driven by demand and supply.
This article explains the concepts of demand and supply, showing how they interact to determine prices...
Economics studies how individuals, businesses, and governments make choices with limited resources.
This article explains the meaning of economics and explores its broad...