ökonoomiat
ökonoomiat is the Estonian word for economics. It refers to the social science that studies the production, distribution, and consumption of goods and services. ökonoomiat analyzes how individuals, businesses, governments, and nations make choices about allocating scarce resources.
The field of ökonoomiat is broadly divided into two main branches: microeconomics and macroeconomics. Microeconomics focuses
Estonian economists and institutions contribute to the global understanding of ökonoomiat through research and policy analysis.