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    Microeconomics

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    Margie Ballesteros Manzano
    Microeconomics is a branch of economics that studies how individuals and firms make decisions to allocate limited resources. It examines how these decisions affect supply and demand for goods and services at a micro level and how prices act as the basis for supply and demand. Macroeconomics is a branch that studies aggregate economic behavior at a national or regional level, examining economy-wide phenomena such as growth, inflation, unemployment, income, and production.

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    Microeconomics

    Uploaded by

    Margie Ballesteros Manzano
    588 views2 pages
    Microeconomics is a branch of economics that studies how individuals and firms make decisions to allocate limited resources. It examines how these decisions affect supply and demand for goods and services at a micro level and how prices act as the basis for supply and demand. Macroeconomics is a branch that studies aggregate economic behavior at a national or regional level, examining economy-wide phenomena such as growth, inflation, unemployment, income, and production.

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    Microeconomics is a branch of economics that studies how individuals and firms make decisions to allocate limited resources. It examines how these decisions affect supply and demand for goods and services at a micro level and how prices act as the basis for supply and demand. Macroeconomics is a branch that studies aggregate economic behavior at a national or regional level, examining economy-wide phenomena such as growth, inflation, unemployment, income, and production.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    588 views2 pages

    Microeconomics

    Uploaded by

    Margie Ballesteros Manzano
    Microeconomics is a branch of economics that studies how individuals and firms make decisions to allocate limited resources. It examines how these decisions affect supply and demand for goods and services at a micro level and how prices act as the basis for supply and demand. Macroeconomics is a branch that studies aggregate economic behavior at a national or regional level, examining economy-wide phenomena such as growth, inflation, unemployment, income, and production.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    MICROECONOMICS

    Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that
    studies the behavior of individuals and firms in making decisions regarding the allocation
    of limited resources. This is in contrast to macroeconomics, which involves "the sum total of
    economic activity, dealing with the issues ofgrowth, inflation, and unemployment and with
    national economic policies relating to these issues".[2] Microeconomics also deals with the
    effects of national economic policies (such as changing taxation levels) on the aforementioned
    aspects of the economy. Particularly in the wake of the Lucas critique, much of modern
    macroeconomic theory has been built upon 'microfoundations'i.e. based upon basic
    assumptions about micro-level behavior.One goal of microeconomics is to analyze the market
    mechanisms that establish relative prices among goods and services and allocate limited
    resources among alternative uses. Microeconomics also analyzes market failure, where
    markets fail to produce efficient results, and describes the theoretical conditions needed
    for perfect competition.

    MACROECONOMICS

    Macroeconomics is a branch of the economics field that studies how the aggregate economy
    behaves. In macroeconomics, a variety of economy-wide phenomena is thoroughly examined
    such as, inflation, price levels, rate of growth, national income, gross domestic product and
    changes in unemployment.

    Ang mikroekonomiks o mikroekonomiya (Ingles: microeconomics, Kastila: microeconoma;


    nagmula sa Griyegong -: "maliit" o "munti"; at /ikonomia/: "ekonomiya") ay
    isang sangay ng ekonomiyang nagsasagawa ng pag-aaral kung paano nagpapasya ang mga
    tahanan at mga kompanya upang magamit at itatalaga ang limitado o kakaunting mga
    kagamitan o yaman,[1] sa paraang tipikal at karaniwan sa loob ng
    mga merkado o pamilihan kung saan mabibili at maipagbibili ang mabubuting mga dala-dalahin
    o mga serbisyo. Sinusuri ng mikroekonomiya ang kung paano naaapektuhan ng ganitong mga
    desisyon at asal, ugali, o gawi, ang pampuno at pangangailangan (supply and demand sa
    Ingles) para sa mga mabubuting dala-dalahin at mga serbisyo, na nagiging batayan ng mga
    presyo o halaga; at kung paanong ang presyo naman ay nagiging batayan ng pampuno at
    pangangailangan ng mabubuting mga dala-dalahin at mga serbisyo.

    Ang makroekonomiks o makroekonomiya (Ingles: macroeconomics, Kastila: macroeconoma


    ; mula sa unlaping "macr(o)-" na may kahulugang "malaki" + "ekonomiya") ay isang sangay
    ng ekonomiyang humaharap sa galaw o pagsasakatuparan, kayarian o istruktura, at asal o ugali
    ng isang pambansa o rehiyonal naekonomiya o kabuhayan bilang isang kabuuan.[1] Kasama
    ng mikroekonomiya o mikroekonomiks, isa rin ang makroekonomiya sa dalawang pinaka
    panglahatang mga larangan sa ekonomiya. Ito ang pag-aaral ng gawi o asal at pagpapasya ng
    kabuoan ng mga ekonomiya.

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