key term - The Economist

Definition

An economist is a professional who studies the production, distribution, and consumption of goods and services. They analyze economic issues and trends to provide insights and forecasts that guide decision-making in both the public and private sectors.

Related terms

Microeconomics:

The study of economic behavior and decision-making by individuals and small entities, focusing on the mechanisms of supply and demand.

Macroeconomics:

The branch of economics that examines the economy as a whole, including issues such as inflation, unemployment, and economic growth.

Economic Policy: A course of action implemented by a government or institution to influence or control the economy, including fiscal policy (government spending) and monetary policy (control over money supply)