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No it macro environment
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What An example of microeconomics and macroeconomics?
Micro: behavior of households and firms. Macro: economy wide issues such as unemployment, inflation, econ. growth/development.
What are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
Why might unemployment not be a concern of the US economy?
Unemployment in the U.S is a huge issue.
What are Micro economy and macro economy?
The main difference between macro and micro economics is the areas which they deal with. Macroeconomics takes into account the whole economy, such as government policies, and the supply and demand for ALL goods and services in an economy. Microeconomics deals with individual goods and services and how the demand and supply of different products varies in relation to price, income or the price of other goods.
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
Why isn't full unemployment the same as zero unemployment?
Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)
What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
The term micro economy and macro economy were coined by Alfred Marshall?
no, it was by frisch
Why isn't full employment the same as zero unemployment?
Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)
Environmental-protection laws can be bad for the economy because they may do what?
Environmental-protection laws can be bad for the economy because they may increase unemployment.
What is the role of unemployment in economics?
In sociology, there is a micro and macro view of communities. Micro refers to the smallest unit of a society; macro refers to the largest, or "overall" society. Unemployment will always affect the micro first; it's where people live, shop, buy services. Unemployment restricts buying power and reduces economic growth of local businesses. The more widespread unemployment becomes, the more it begins to affect a State or region, and eventually the nation.
What is the connection between the youth unemployment and the Nigerian economy?
High youth unemployment in Nigeria can strain the economy by reducing overall productivity and consumption levels. It can also lead to social instability and increase the dependency on social welfare programs, which can further burden the economy. Additionally, a large pool of unemployed youth can result in lost opportunities for economic growth and innovation.
