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How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
What is the study of monetary activities of a household?
Micro economics involves the purchases of a household.
What one means by business economics?
bisiness economics is the study of business related problems using economic techniqes like the study of market knowing the degree of competion prevailing in the market with the help of market structure techniques, the other example can be of the study of deamnd and supply forces. mostly micro econmics is regarded as business economics. it provides solution to basic problems of how to use scarce resource for unlimted wants.
Micro economics and macro economics?
Micro means small and macro means large. Accordingly microeconomics is the study of small parts of the economy whereas macroeconomics is the study of aggregated parts or whole of economy.
Is economics the study of mankind in the ordinary business of life?
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
How does macro economics differ from micro economics?
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
What is the importance of micro economics in the study of managerial economics?
its a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our businees effectively and efficiently since the micro economics explains the concepts like demnd,production ,supply analysis,so that it maximises the profit.
What is the study of monetary activities of a household?
Micro economics involves the purchases of a household.
What is different macroeconomics from microeconomics?
micro economics is that branch of economics which study about individuals, households and firms whereas macro economics is a study of whole economy.
How to accurately apply micro and macro economics in a national and local context?
Macro economics means big firms and is the study of the economy at large.micro means small firms and business markets.
What one means by business economics?
bisiness economics is the study of business related problems using economic techniqes like the study of market knowing the degree of competion prevailing in the market with the help of market structure techniques, the other example can be of the study of deamnd and supply forces. mostly micro econmics is regarded as business economics. it provides solution to basic problems of how to use scarce resource for unlimted wants.
Micro economics and macro economics?
Micro means small and macro means large. Accordingly microeconomics is the study of small parts of the economy whereas macroeconomics is the study of aggregated parts or whole of economy.
How does Elinor Ostrom and Oliver Williamson's Noble Price study apply to Micro Economics?
The Nobel Prize winning study by Elinor Ostroma and Oliver Williamson applied to micro economics in that it is based on corporate structures for conflict resolution.
Is economics the study of mankind in the ordinary business of life?
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
Give and explain five reasons why you would recommend the study of economics to a business student?
Give and explain five reasons why you would recommend the study of economics to a business student?
Difference between micro and macro econimics?
Macro economics is the study of the sum total of economic activity, dealing with the issues of growth, inflation and unemployment and with national economic policies relating to these issues. while micro economics is the study of the individual parts of the economy, the household and the firm, how prices are determined and how prices determine the production, distribution and use of goods and services. micro economics deals with individual parts of the economy while macro economics is the study of the aggregate behaviour of the whole economy
How micro and macro economics depend on each other?
micro is the study of individual person or a firm and macro eco. is the study of whole economy...so if we study about small than after study about big thats why they both depend each other.
