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 in the 1916 Declaration of Sainte-Adresse Britain, France and Russia committed to securing the political and economic independence of Belgium after the First World War?
- ... that the petunia carnage of 2017 led to worldwide economic losses?
- ... 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 Ruth Huenemann was one of the first researchers to make a connection between socioeconomic status and childhood obesity?
- ... that soprano Galina Pisarenko studied economics, English, and Norwegian at the same time she was studying to become a professional opera singer?
- ... that despite not being an economist, Sunarjo Kolopaking became dean for the faculty of economics at the University of Indonesia?
Need help?
Do you have a question about Economics that you can't find the answer to?
Consider asking it at the Wikipedia reference desk.
Get involved
For editor resources and to collaborate with other editors on improving Wikipedia's Economics-related articles, see WikiProject Economics.
Selected images
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)
Subcategories
Subtopics
Associated Wikimedia
The following Wikimedia Foundation sister projects provide more on this subject:
-
Commons
Free media repository -
Wikibooks
Free textbooks and manuals -
Wikidata
Free knowledge base -
Wikinews
Free-content news -
Wikiquote
Collection of quotations -
Wikisource
Free-content library -
Wikiversity
Free learning tools -
Wiktionary
Dictionary and thesaurus
Purge server cache