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Micro-economics is the research of supply and demand inside letter a market, which is different from macro-economic that is the study of ostentatiousness, unemployment and umteen others.
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Chapter 11 - monopoly and antitrust policy.
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How ascending prices affect the level of employ in the economic system.
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Microeconomics is the ordinal branch and macroeconomics is the 2d component.
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Microeconomics There are examples of the use of economics everyday, in movies, and TV shows. In the movie “Tommy Boy” there are many examples of supply and demand and elasticity. In the movie “Tommy Boy” the main character Tommy has been sent out to sell brake pads to keep the factory running.
What does the word micro mean in economics?
Microeconomics is formed by two words micro and economics. In Greek language word, “micro” means “small”. It is an important branch of economics that studies the relationship between economic characteristics and their respective behaviors. It involves an understanding of the decision-making process associated to management of economics and finance.
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Last Update: Oct 2021
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