Economics is the social science that studies how individuals, groups, and societies allocate scarce resources to satisfy their unlimited wants and needs. It examines the production, distribution, and consumption of goods and services, exploring how these processes are influenced by various factors, including market dynamics, government policies, and societal trends. Economics is divided into two main branches: microeconomics, which focuses on individual and business decision-making and how these affect supply and demand in specific markets, and macroeconomics, which looks at the economy as a whole, analyzing aggregate indicators such as GDP, unemployment rates, and inflation. The field also addresses issues such as economic growth, trade, and the impact of monetary and fiscal policies. Economists use various models and theories to understand and predict economic behavior, contributing to policy-making and economic planning.
The show "Kazlaser to Manabu" explored the rising entry-level salaries for graduates, creating a generational debate. Major corporations are increasing starting salaries to unprecedented levels, with some offering up to…