Economics is the social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their needs and desires. It examines the production, distribution, and consumption of goods and services, as well as the behavior and interactions of economic agents. Economics is often divided into two main branches: microeconomics, which focuses on the decisions of individual households and firms, and macroeconomics, which looks at the economy as a whole, including issues like inflation, unemployment, and economic growth. The field employs various theoretical frameworks and models to analyze economic phenomena and inform policy decisions. Ultimately, economics seeks to understand how economic systems function and how resources can be used most efficiently to enhance overall welfare.
```html APR achieved a remarkable yearly operating profit of $84 million, reflecting a 17.7% increase and aligning with financial expectations. The company's revenue surged by 38%, reaching 722.8 billion won,…