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What is the difference between microeconomics and macroeconomics?
1. Microeconomics focuses on households, firms and businesses.2. Microeconomics includes what combination of goods should be produced in a given budget, what prices firm should charge, how to produce goods with the given resources.3. Microeconomics stresses on supply and demand and it also stresses on other forces that resolve the price levels seen in the economy.
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Chapter 1
Welcome to Economic
Introduction
How Markets Work
02:09
Briefly discuss the differ…
02:52
Classify the following top…
01:13
What are the key differenc…
01:58
Distinguish between the sh…
00:54
What are the three main go…
03:23
Macroeconomics is an aggre…
01:14
What is the main differenc…
02:14
Why in microeconomics do w…
01:42
What is the relationship b…
01:20
What do economists mean by…
00:48
What is the difference bet…
04:14
05:34
03:48
What do the distinctions b…
02:00
01:30
How does the demand curve …
01:52
What is marginal cost? Why…
03:07
Is every economic issue ei…
07:19
How does monopolistic comp…
micro economics and macro economics have some similarities, but they also have key differences in micro economics. You're going to study on individuals and their decision making processes, as well as large scale companies and their decision making process. However, you will not be focusing on the economy as a whole and micro economics. You focus on principles that affect the economy in the long run and the short run the economy as a whole, convict eight either a whole sector of business or and her government, such as the United States of America and micro economics. You tend to focus on the decisions that an individual can make to better his of her business and micro economics. It's focused primarily on policy and what the government can do do their slow down or speed up the economy.
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