Microeconomics is the study of how individuals and companies make decisions to allocate scarce resources within specific, smaller markets by examining supply and demand, consumer behavior, and hiring and wage practices of individual companies. Macroeconomics takes a broader view of the whole economy, analyzing impacts of fiscal policy, causes of unemployment and inflation, and how government actions influence nationwide economic growth, as measured by indicators like GDP, the general price level, and employment/unemployment rates.
Microeconomics is the study of how individuals and companies make decisions to allocate scarce resources within specific, smaller markets by examining supply and demand, consumer behavior, and hiring and wage practices of individual companies. Macroeconomics takes a broader view of the whole economy, analyzing impacts of fiscal policy, causes of unemployment and inflation, and how government actions influence nationwide economic growth, as measured by indicators like GDP, the general price level, and employment/unemployment rates.
Microeconomics is the study of how individuals and companies make decisions to allocate scarce resources within specific, smaller markets by examining supply and demand, consumer behavior, and hiring and wage practices of individual companies. Macroeconomics takes a broader view of the whole economy, analyzing impacts of fiscal policy, causes of unemployment and inflation, and how government actions influence nationwide economic growth, as measured by indicators like GDP, the general price level, and employment/unemployment rates.
Microeconomics is the study of how individuals and companies make decisions to allocate scarce resources within specific, smaller markets by examining supply and demand, consumer behavior, and hiring and wage practices of individual companies. Macroeconomics takes a broader view of the whole economy, analyzing impacts of fiscal policy, causes of unemployment and inflation, and how government actions influence nationwide economic growth, as measured by indicators like GDP, the general price level, and employment/unemployment rates.
individuals and economy as a whole companies make has a broader focus, decisions to allocate such as the impact of scarce resources fiscal policy, big is specific and smaller picture causes of in scale, looking at the unemployment or behavior of inflation, and how consumers, the supply government actions and demand equation impact nationwide in individual markets, economic growth and the hiring and Whole Economy (GDP) wage-setting Inflation (general practices of individual price level) companies. Employment/ Individual Markets Unemployment Effects on price of a good Individual Labour Market