taloustieden
Taloustiede is a Finnish term that translates to economics in English. It is the social science that studies the production, distribution, and consumption of goods and services. Taloustiede aims to understand how individuals, businesses, governments, and nations make choices about allocating scarce resources to satisfy their unlimited wants and needs.
The field of taloustiede is broadly divided into two main branches: microeconomics and macroeconomics. Microeconomics focuses
Taloustiede employs various methods to analyze economic phenomena, including mathematical modeling, statistical analysis, and historical research.