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There are linkage between the microeconomic decision made by managers and the microeconomic environment. There are numerous examples from recession due to Covid 19 of layoff at the microlevel, directly influenced by the decline in economic activity at the macro level. How did the recession impact business / managers at the macro and micro level? How managerial decision chaged along with this recession in organizations? Please example with an organization. Please dont copy paste the answer. How did the recession impact businesses at the micro and macro levels?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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