Economics is the social science that studies the production, distribution, and consumption of goods and services. It examines how individuals, businesses, governments, and societies make choices about allocating limited resources to satisfy their needs and wants. The field is broadly divided into two main branches: microeconomics, which focuses on individual and business decision-making and the interactions in specific markets, and macroeconomics, which analyzes aggregate economic phenomena such as national income, unemployment, inflation, and overall economic growth. Economists use various theories and models to understand economic behavior, predict outcomes, and formulate policies to improve economic performance and welfare. The discipline encompasses various subfields, including behavioral economics, international economics, labor economics, and environmental economics, among others.
Stocks experienced a significant decline over two consecutive days, influenced by new tariffs disrupting global trade. The market's instability spread fear among investors, highlighting the volatility and complexity of current…
An unexpected announcement from President Trump on sweeping tariffs triggered a financial storm, affecting both American and global markets. The Dow Jones, S&P 500, and Nasdaq experienced significant losses of…
Nintendo's Switch 2 launch faces challenges due to new U.S. tariffs on imports from Vietnam and Cambodia, potentially increasing prices significantly. The anticipated price of Switch 2 may rise from…
President Donald Trump's new import tariffs have significantly affected the cryptocurrency market, causing Bitcoin to drop to $82,372 and heightening market volatility. The impact of tariffs contradicts previous crypto-friendly signals…
Wall Street faced chaos after President Trump's new tariff announcements, leading to a $2.4 trillion loss in S&P 500 market value—the largest drop since March 2020. Global markets reacted strongly,…
Wall Street faced its most significant losses in three years, with the Dow Jones dropping nearly 1,700 points due to tariffs introduced by former President Donald Trump. These sweeping tariffs,…
Recent trade tariffs have triggered significant market volatility, impacting both commodities and cryptocurrencies. Bitcoin's value dropped by 5%, settling around $82,000, with Ethereum also declining, influencing widespread crypto futures liquidations…
President Trump's new tariff strategy has introduced significant uncertainty in the global financial markets, affecting international trade dynamics. Stock market volatility reflects concerns about the future of U.S.-China trade relations,…
Apple announced a $500 billion investment in US operations, aiming to create 20,000 new jobs. Nvidia plans to invest heavily in the US supply chain, potentially revolutionizing the semiconductor industry.…
The European Free Trade Association (EFTA), including Iceland, Liechtenstein, Norway, and Switzerland, has established a free trade agreement with Moldova, effective April 1st. The agreement will eliminate tariffs on 98.5%…