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
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Provide an economic explanation of what you have shown in your diagram above.  Iceland was a small open economy with perfect capital mobility. Consequently, the equilibrium domesti

E-COMMERCE ? Electronic commerce or e-commerce refers to a large range of online business actions for  services and  products. It in addition pertains to "any type of  business

Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales

This research will follow the methodology of econometrics; Chao, 2005; Castle & Shephard, 2009): 1. Specification of the model using a specific stochastic equation, together wit


describe engineering cost theory in detail

Q. Define Regressive Tax? Regressive Tax: A tax in that lower-income individuals or households bear a proportionately greater burden of the tax. Sales taxes aretypically consid

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos