Economics is the social science that studies how individuals, groups, and societies allocate scarce resources to satisfy their unlimited wants and needs. It examines the production, distribution, and consumption of goods and services, and analyzes the choices and behaviors of agents (such as consumers and businesses) within various economic systems. Economics is often divided into two main branches: microeconomics, which focuses on the behavior of individual agents and markets, and macroeconomics, which studies the economy as a whole, including issues like inflation, unemployment, and overall economic growth. The discipline utilizes theories, models, and various quantitative methods to understand economic phenomena and inform policies that can influence economic performance and improve societal welfare.
Trump's proposal for a rare earth elements exchange signifies strategic U.S. interests in Ukraine's mineral wealth. Ukraine possesses 5% of the world's rare mineral resources, positioning it as a key…