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Post by Eugene 2.0 on Mar 10, 2021 10:43:16 GMT
How can you define the microeconomics, what is it all about? And the same is about the macroeconomics.
Is the microeconomics still usable? Or maybe it's gone now?
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Post by Polaris on Mar 10, 2021 12:57:55 GMT
Microeconomics is the study of the economic decisions and activities of individuals and firms which is controlled by the law of supply and demand. Macroeconomics is about the overall production, employment rate and national revenue and national economic policy. prices are decided at the microeconomic level for example vegetables are cheaper in the winter season in Sudan because the climate is favorable for their production, while meat might be cheaper during the rainy season because of the scarcity of fodder before the pastures turn green.
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