Economic analysis is the systematic study of economic phenomena, involving the assessment of economic data and relationships to understand how economies function and how various factors influence economic decisions and outcomes. It employs tools from microeconomics and macroeconomics to analyze markets, consumer behavior, production, and policy impacts. Through techniques such as cost-benefit analysis, statistical methods, and econometrics, economic analysis helps in evaluating the efficiency of resource allocation, predicting economic trends, and examining the effects of policies on economic growth and consumer welfare. The goal is to provide insights that guide decision-making in both public and private sectors, facilitating informed policy responses, investment choices, and strategic planning.
Japan's increasing earthquake insurance coverage reflects a shift towards resilience and preparedness following the Great East Japan Earthquake 14 years ago. The adoption of earthquake insurance has surged by 30…