Economics is the social science that studies the production, distribution, and consumption of goods and services. It analyzes how individuals, businesses, governments, and societies make choices about allocating scarce resources to satisfy their needs and wants. Economics is divided into two main branches: microeconomics, which focuses on the behavior of individual agents such as households and firms, and macroeconomics, which examines the economy as a whole, including issues like inflation, unemployment, and economic growth. Economists use various theories and models to understand economic behavior, predict outcomes, and inform policy decisions. The ultimate goal of economics is to improve well-being and efficiency in the use of resources.
Mexico City is abuzz as diplomatic negotiations intensify over new U.S. tariffs on Mexican imports, set to begin April 2nd. Economic Affairs Secretary Marcelo Ebrard leads efforts to secure favorable…