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Behavioral economics challenges the assumption that consumers act rationally. Psychological biases, emotions, and heuristics shape everyday financial and consumption choices. People often deviate from logic, influenced by framing, social pressure, and short-term gratification. Understanding why rationality fails helps policymakers, businesses, …

Globalization connects economies through trade, technology, and capital flows, but it also deepens income inequality. While it boosts growth, efficiency, and innovation, the benefits are unevenly distributed. High-skilled workers and multinational corporations gain, whereas low-skilled labor and developing economies often …

Market failure occurs when free markets fail to allocate resources efficiently, leading to social or economic losses. State regulation aims to correct these inefficiencies through laws, taxes, subsidies, and oversight. Government intervention ensures fair competition, environmental protection, and social equity, …

Inflation erodes purchasing power by reducing the value of money over time. As prices rise, each unit of currency buys fewer goods and services. The causes of inflation include increased money supply, rising production costs, and demand shocks. Its consequences …

Career goals are critical for anyone seeking professional success. They provide direction, motivation, and a clear roadmap for personal and professional growth. Without well-defined goals, it is easy to drift through jobs or miss opportunities for advancement. Understanding how to …

Setting career goals is an essential part of building a successful professional life. It involves understanding your aspirations, assessing your strengths and weaknesses, and creating a structured roadmap to achieve long-term success. Proper career goal setting not only provides direction …