<p><strong>Economics</strong> is the study of how individuals, businesses, and governments allocate resources to meet needs and wants, analyzing production, distribution, and consumption.</p>
<p><strong>Economics</strong> is a social science that examines how resources are allocated, goods and services are produced, and wealth is distributed within societies. It is divided into microeconomics, which focuses on individual markets, consumer behavior, and business decisions, and macroeconomics, which looks at large-scale economic factors such as inflation, unemployment, and government policies. Economics helps in understanding financial systems, international trade, and the impact of economic policies on everyday life. By analyzing supply and demand, market structures, and economic indicators, individuals can make informed decisions about investments, business strategies, and public policies. A strong foundation in economics is essential for careers in finance, government, research, and business strategy.</p>