Economics, Microeconomics

Economics- Definition

Economics is the study of how societies utilize limited resources to make valuable commodities and allocate them among diverse people.

Microeconomics handles with:

• Conduct of individual units

• When Consuming; How we select what to buy

• When manufacturing; How we decide what to produce

• Markets: The communication of consumers and producers

• Evaluation of aggregate issues:

?? Inflation

?? Economic growth

?? Unemployment

Posted Date: 7/24/2012 6:47:06 AM | Location : United States







Related Discussions:- Economics, Assignment Help, Ask Question on Economics, Get Answer, Expert's Help, Economics Discussions

Write discussion on Economics
Your posts are moderated
Related Questions
This is what this paper should be about 1) In the first paragraph analyze what you most learned from the course to reflect on the statement below. 2) In each separat

How elasticity is always referred to as a positive value even though it can be negative?  In economics, elasticity is measures of the incremental percentage change in single va


Q. What do you meant by Enclosures? Enclosures: A historic process in Britain and other European countries, in very early years of capitalism, in that lands formerly held and u

Graph the following example and answer the questions: The United States and Japan only produce two goods.  They have the same fixed resources and they are equally efficient, and bo

Bilateral and Multilateral Contracts Bilateral contract is defined as to purchase & sell certain quantities of a commodity at the agreed upon prices may be entered into between the

Why a high level of labor force growth is correlated A high level of labor force growth is correlated--even though less powerfully--with a low level of output per worker. The a

Suppose the price of books is $15, the price of movies is $5, and your income is $75. Assuming you have a desire to reach constrained optimization, how many movies will you buy? Ho

"As long as consumers are willing to pay a positive price for a good, the larger is the  quantity formed, the greater is the total surplus from trade."  Explain this statement if i

short run equilibbrium