Economic impacts refer to the effects that a particular event, policy, or decision has on the economy of a region, country, or even the global economy. This area of research analyzes how various factors such as government policies, technological advancements, natural disasters, and socioeconomic trends influence economic growth, employment rates, income distribution, and overall prosperity. Researchers in this field use various methods, including economic modeling, statistical analysis, and case studies, to understand the short-term and long-term effects of different economic policies and developments. They also examine how economic impacts vary across different industries, regions, and demographic groups, and explore strategies for mitigating negative consequences and maximizing positive outcomes. Overall, research on economic impacts is crucial for policymakers, businesses, and individuals to make informed decisions that foster economic development and sustainability.