ekonomics
Ekonomics is the study of how societies allocate scarce resources among competing uses. It analyzes how individuals, firms, and governments make choices under constraints and how these choices interact in markets, institutions, and policy frameworks. The term is often treated as synonymous with economics, though some authors use the spelling ekonomics to emphasize historical or institutional perspectives.
The field is divided into microeconomics, which examines decision making by agents and the functioning of markets
Core concepts include scarcity, opportunity cost, utility, profit, and costs; supply and demand, market equilibrium, and
Applications of ekonomics inform policy in areas such as monetary and fiscal policy, regulation, taxation, trade