Majandusteooria
Majandusteooria, or economic theory, is the systematic study of how individuals, businesses, governments, and societies make choices in the face of scarcity. It seeks to understand the production, distribution, and consumption of goods and services. This field is broadly divided into two main branches: microeconomics and macroeconomics.
Microeconomics focuses on the behavior of individual economic agents, such as households and firms, and how
Macroeconomics, on the other hand, examines the economy as a whole. It studies aggregate phenomena such as
Economic theories are developed using a combination of observation, data analysis, and mathematical modeling. While economic