Economics is the study of how scarce resources are allocated amid competing demands. The discipline provides a framework for analyzing and solving the problems that occur from such a scarcity. Business economics deals with topics such as business decision-making, strategic planning, forecasting, business response to government regulations, and international opportunities and competition. Business economists conduct research, develop forecasts and business plans, measure and analyze business conditions, and conduct economic experiments. They apply economics and business methods to manufacturing, finance, banking, law, international investment, trade, and insurance.