Microeconomics is that branch of economics that deals with the behaviour of individuals, firms and households in decision making and resource... View Article
Microeconomics is the study of human action and interaction. It is concerned with decisions of firms and individuals for allocating resources of... View Article
The most important goal of macroeconomics is to achieve stable economic growth and also maximise the standard of living of the people. Also see:... View Article
Macroeconomics offers the following advantages: It helps in understanding the economic fluctuations It helps in formulation of economic... View Article
In simple words, macroeconomics is the branch of economics that deals with studying performance and behaviour of an economy as a whole. The focus... View Article
The three major concerns or issues of macroeconomics are: Unemployment levels Inflation Economic growth Also see: What is microeconomics?... View Article
Adam Smith is known as the father of economics for his pioneering ideas in the field of free gross domestic product and free trade. Also see:... View Article
Microeconomics helps in explaining the mechanism behind determination of prices of different commodities. It also explains about the prices of... View Article
The ten principles of economics are: People face trade-offs Rational people think at the margin The cost of something is what you give up to... View Article
Some of the examples of macroeconomics can be inflation, GDP, aggregate demand, monetary policy, national income, unemployment rates, etc. Also... View Article
