Economics is the social science that studies how individuals, businesses, and governments allocate scarce resources to fulfill their needs and desires. It analyzes the production, distribution, and consumption of goods and services, examining various factors that influence economic decisions and behaviors. Economics is typically divided into two main branches: microeconomics, which focuses on the behavior of individual agents and markets, and macroeconomics, which looks at the economy as a whole, including national income, overall output, unemployment, inflation, and economic growth. Through theories and empirical data, economics seeks to understand the principles that govern human behavior in relation to resource use, decision-making processes, and the dynamics of supply and demand.
**Changes to Austria's Bottle Deposit System Starting February 2025** In a move to combat declining bottle returns, Austria is set to significantly increase its bottle deposit rates. Effective from the…