Economists are experts who study the production, distribution, and consumption of goods and services. They analyze economic systems and provide insights into various aspects of the economy.
Related terms
Supply and demand: The relationship between the availability of a product or service (supply) and the desire or need for it (demand).
Inflation: The general increase in prices over time, which reduces purchasing power.
Fiscal policy: Government decisions on spending, taxation, and borrowing that affect economic conditions.