economic frameworks
Economic frameworks are structured systems that help analyze and understand how economies function. They provide tools and models to evaluate various economic activities, such as production, consumption, and distribution of goods and services. These frameworks can be used to assess the impact of policies, market behaviors, and external factors on economic performance.
Different types of economic frameworks exist, including microeconomics, which focuses on individual consumers and businesses, and macroeconomics, which looks at the economy as a whole. Other frameworks, like behavioral economics, consider psychological factors influencing economic decisions, while development economics examines economic growth in less developed regions.