Portal:Economics
Introduction
Economics (/ˌɛkəˈnɒmɪks, ˌiːkə-/) is a social science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and investment expenditure interact, and factors affecting it: factors of production, such as labour, capital, land, and enterprise, inflation, economic growth, and public policies that have impact on these elements. It also seeks to analyse and describe the global economy. (Full article...)
Selected general articles
Did you know...
- ... that environmental economist V. Kerry Smith has been described as a "Renaissance Man of Economics"?
- ... that Francois Massaquoi, who studied economics at New York University, later led the Lofa Defense Force during the First Liberian Civil War?
- ... that Sumitro Djojohadikusumo expected the majority of the beneficiaries of his economic policy might turn out to be "parasites"?
- ... that soprano Galina Pisarenko studied economics, English, and Norwegian at the same time she was studying to become a professional opera singer?
- ... that Elizabeth Wilkins chose to work at the Federal Trade Commission on the hope that the agency is now positioned to address economic injustice?
- ... that anti-Korean sentiment, due to South Korea's economic growth, motivated Djuna to write the sci-fi novel Counterweight?
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In the news
- 10 July 2024 – 2024 Washington summit, Foreign relations of China, China and the Russian invasion of Ukraine
- All 32 NATO member states approve an official statement classifying China as a "decisive enabler" of Russia's invasion of Ukraine due to its "no-limits" economic and political partnership with Russia. (AP)
- 7 July 2024 – Confederation of Sahel States, ECOWAS
- ECOWAS states that it risks disintegrating from military and economic insecurity if Niger, Mali, and Burkina Faso continue their exit to form their own confederation, following sanctions and severed diplomatic ties after each state's military coup. (Reuters)
- 28 June 2024 –
- The Argentine Chamber of Deputies approves economic reform measures proposed by President Javier Milei, which include investment incentives, the privatization of numerous state-owned entities, and tax overhauls. (Reuters)
- 26 June 2024 – Russia–European Union relations, Belarus–European Union relations
- The leaders of Poland, Lithuania, Latvia, and Estonia call on the European Union to construct a €2.5 billion (US$2.67 billion) defence line between them and Russia and Belarus to secure the EU from military, economic, and migrant-related threats. (Reuters)
- 25 June 2024 – Iran–United States relations
- The United States Department of the Treasury announces economic sanctions on 50 people and companies in Hong Kong, the United Arab Emirates, and the Marshall Islands, for allegedly funding and helping Iran's military gain access to the international financial system. (Al Jazeera)
- 12 June 2024 – Law of Bases and Starting Points for the Freedom of Argentines
- The Argentine Senate passes an extensive economic reform bill package proposed by President Javier Milei, decided by a 36–36 vote, with the tie broken by Vice President Victoria Villarruel. (Reuters)
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