Economics Economics is a social science that typically studies the production, distribution, and consumption of goods and services. Since the early part of the 20th century, economics has focused largely on measurable variables, and employed both theoretical models and empirical analysis. Economic logic is increasingly applied to any problem determining economic value (such as politics, religion, psychology, history and social interaction). A professional working in economics or having an academic degree in the subject is an economist.
The subject is broadly divided into two main branches: microeconomics, which deals with individual agents, such as households and businesses, and macroeconomics, which considers the economy as a whole.
"Welcome to the Nobel Prize Internet Archive! Since 1901, the Nobel Prize has been awarded annually as per Alfred Nobel's last will and testament. This site maintains information on all winners in all categories. Click on any Nobel category at left (literature, physics, chemistry, peace, economics, or physiology & medicine) to see an annotated, hyperlinked list of all Nobel laureates in that category."
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