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 the factors of production affecting them, such as: labour, capital, land, and enterprise, inflation, economic growth, and public policies that impact 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 in the essay "Toward European Unity" George Orwell presumed that one of the greatest obstacles to a federal Europe would be economic pressure by the United States?
- ... that anti-Korean sentiment, due to South Korea's economic growth, motivated Djuna to write the sci-fi novel Counterweight?
- ... that scientists from the Institutum Divi Thomae raised silkworms at Saint Gregory Seminary during World War II as a form of economic warfare against Japan?
- ... that soprano Galina Pisarenko studied economics, English, and Norwegian at the same time she was studying to become a professional opera singer?
- ... that Francois Massaquoi, who studied economics at New York University, later led the Lofa Defense Force during the First Liberian Civil War?
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In the news
- 13 October 2025 – China–Netherlands relations
- The Dutch government invokes the Goods Availability Act to seize control of the Chinese-owned semiconductor manufacturer Nexperia, which is headquartered in Nijmegen, Gelderland, amid concerns that the company's governance "could pose a risk to Dutch and European economic security". (AP) (Financial Times)
- 29 September 2025 – German economic crisis, Workplace impact of artificial intelligence
- German airline Lufthansa announces they will cut 4,000 administrative positions by 2030 and replace them with artificial intelligence and digitization processes. (DW)
- 27 September 2025 – International sanctions against Iran, Nuclear program of Iran
- The United Nations reimposes economic and military sanctions on Iran after France, Germany, and the United Kingdom trigger the snapback mechanism under Security Council Resolution 2231 and the Joint Comprehensive Plan of Action, citing Iran's nuclear escalation and lack of cooperation with the IAEA. (BBC News) (Reuters)
- 26 September 2025 – German economic crisis, Workplace impact of artificial intelligence
- German automotive supplier Bosch announces it will lay off 5,000 employees by 2030, including 3,800 in Germany. (DW)
- 24 September 2025 – Belarus–Poland relations
- Poland reopens its border with Belarus after closing them during Russia-led military exercises, citing reduced security risks and economic considerations. (Reuters)
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