Malta is an island nation consisting of an archipelago of three main islands and many smaller islands. The major islands of Malta are called Malta, Gozo, and Comino, and these are the only parts of Malta that are inhabited. Smaller islands include Cominotto, Fungus Rock, Islands of St. Paul, Manoel Island, and Filfla.alta is an island nation consisting of an archipelago of three main islands and many smaller islands. The major islands of Malta are called Malta, Gozo, and Comino, and these are the only parts of Malta that are inhabited. Smaller islands include Cominotto, Fungus Rock, Islands of St. Paul, Manoel Island, and Filfla.
economics definition The science that deals with the production, distribution, and consumption of commodities. Note: Economics is generally understood to concern behavior that, given the scarcity of means, arises to achieve certain ends.
All of economics is meant to be about peopleâs behavior. So, what is behavioral economics, and how does it differ from the rest of economics? Economics traditionally conceptualizes a world populated by calculating, unemotional maximizers that have been dubbed Homo economicus. The standard economic framework ignores or rules out virtually all the behavior studied by cognitive and social psychologists.