The Multifaceted Relationship Between AI and Economics: Impacts, Challenges, and Insights
Abstract
Artificial intelligence (AI) has the potential to enhance decision-making by offering precise and timely information to businesses and policymakers. This study delves into the intricate relationship between AI and economics, with a specific focus on three key domains: Supply Chain Optimization, Financial Fraud Detection, and Automation's Impact on the Workforce. By shedding light on both the advantages and challenges of AI integration in economics, this research aims to contribute to the ongoing discussion. The research objectives encompass exploring AI's influence on the multifaceted relationship with economics, offering valuable insights for policymakers, industry stakeholders, and researchers.
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