Economicsandwe May 2026

We act based on rewards or punishments. Prices, taxes, and subsidies are the primary ways the economy nudges our behavior. 📈 Two Ways to Look at "Us"

How much more expensive things get over time, reducing our "purchasing power." economicsandwe

How our willingness to buy (demand) and a business's ability to sell (supply) determine the price of everything from coffee to iPhones. We act based on rewards or punishments

Economists split the world into two main views to understand how we function: 1. Microeconomics (The Small Scale) Focuses on how individuals and businesses make decisions. economicsandwe

Focuses on how we perform collectively as a nation or the world. The total value of everything we produce.