Økonomi

Økonomi (or "economy" in English) refers to the system of production, distribution, and consumption of goods and services within a society or geographic area. It encompasses various activities and processes related to the management of resources, including how wealth is generated and allocated. The study of økonmi involves analyzing how individuals, businesses, and governments make decisions regarding the use of limited resources to meet their needs and desires. It also includes examining economic policies, market structures, and the overall health of economic systems, which can be influenced by factors like supply and demand, inflation, and employment rates.