Economics is the social science that studies how individuals, businesses, and governments make choices about allocating scarce resources to satisfy their needs and desires. It examines the production, distribution, and consumption of goods and services, as well as the behavior and interactions of economic agents. Economics is divided into two main branches: microeconomics, which focuses on the decisions of individual units like households and firms, and macroeconomics, which looks at the economy as a whole, including national income, unemployment, inflation, and economic growth. The discipline uses various models and theories to analyze economic phenomena and inform policy decisions. Ultimately, economics seeks to understand how societies can best manage limited resources to enhance welfare and improve living standards.
Japanese labor unions are demanding a historic 6.09% wage increase in the annual "shunto" negotiations, highlighting inflation concerns and the pursuit of better living standards. Corporate responses have been historically…
The company doubled its full-year profit expectations, moving from an anticipated deficit to near stability. Consolidated operating profit surged by 12.8% in the first three quarters, reaching 1.45 billion yen.…
Donald Trump, the anticipated next President of the United States, exhibits a complex approach to economic priorities that sometimes seem at odds with each other. Recently, he praised SoftBank CEO…
Prices Are Soaring! Here’s What You Need to Know Starting from the 29th of this month, the Iwate Prefectural Cooperative Association, led by Chairman Shinji Abe, will increase the delivery…