Define microeconomics concerned with its goal, Microeconomics

Assignment Help:

a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic system.

b)  Economic goals are opposite with one another, but may be conflicting with other social goals.

 


Related Discussions:- Define microeconomics concerned with its goal

Private and social benefits, Private and Social Benefits Private benef...

Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua

Estimating the educational structure, Estimating the Educational Structure ...

Estimating the Educational Structure of the Labour Force in the Economy for the Target Year The educational levels of persons within each occupational structure for the base y

Indifference curves, Indifference Curves: Every consumption-leisure point,...

Indifference Curves: Every consumption-leisure point, (l; c), in the diagram is associated with a unique level of utility. The line II represents the individuals indifference curv

Definition, the definition of exceptional supply curve

the definition of exceptional supply curve

How to calculate the cpi index, When measuring price levels in the economy ...

When measuring price levels in the economy (such as when calculating the CPI index), why is a weighted average used? Because we require giving greater emphasis to prices at whi

Production, what is cob duglus production function?

what is cob duglus production function?

Capacity utilization, discuss ho capacity utilization and product different...

discuss ho capacity utilization and product differentiation affect internal rivalry and entry barriers with the analytical framework of the porter five forces model. use the econom

Rent, explain two theories of economic rent

explain two theories of economic rent

Mathematical derivation of ordinary demand function, Mathematical Derivatio...

Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit

Indifference curve and budget line, How does the indifference curve and bud...

How does the indifference curve and budget line for a neutral good look like?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd