Economics is the social science that studies the production, distribution, and consumption of goods and services. It examines how individuals, businesses, and governments allocate scarce resources to meet their needs and wants. The field of economics is divided into two main branches: microeconomics, which focuses on the behavior and decisions of individual entities such as consumers and firms, and macroeconomics, which looks at aggregate economic phenomena including national income, overall employment, and inflation. Economists use various models and theories to analyze economic trends and to inform policy decisions. The discipline encompasses both theoretical frameworks and practical applications, and it seeks to understand how economic agents interact within markets and how those interactions affect overall economic health.
Trump's proposal aims for Ukraine to supply rare earth minerals in exchange for US aid, potentially enhancing American tech independence. Ukraine holds about 5% of the global rare earth mineral…