Articles for category: Economy and Finance, Global Economy

What is economics and what is its object of study? In addition, its importance and the different branches or types of economy.

What is economics and what is its object of study? In addition, its importance and the different branches or types of economy.

Object of study in economics Economics is a social science that studies how societies allocate resources to meet their needs and wants. The object of study in economics is the economy, which refers to the system of production, distribution, and exchange of goods and services in a society. Economists study how individuals, businesses, and governments ...

What is resource exploitation and its consequences? Types of natural resources and examples of exploitation.

What is resource exploitation and its consequences? Types of natural resources and examples of exploitation.

‍ Image Source: Unsplash‍ Resource exploitation is the process of extracting natural resources from the earth for economic gain, often without considering the long-term impacts on the environment and communities. It is a practice that has been happening for centuries, but in recent times, it has accelerated at an unprecedented rate. Types of natural resources ...

What are the so-called economics, and who uses them?

What are the so-called economics, and who uses them?

‍ Photo byFirmbee onPixabay ‍ Economics is a social science that deals with the production, distribution, and consumption of goods and services. It is a complex subject that has been studied for centuries and is used by a wide range of professionals, from government policymakers to business owners. The study of economics is divided into ...

What is Protectionism in Economics?

What is Protectionism in Economics?

‍ Image Source: FreeImages‍ In today’s globalized economy, protectionism has become a controversial and highly debated topic. Protectionism is a trade policy that restricts the flow of goods and services between countries, often through the use of tariffs, quotas, and other trade barriers. While protectionism is intended to safeguard domestic industries and jobs, it is ...