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Distinguish between Microeconomics and Macroeconomics?

Microeconomics means to study the individual economy while in macroeconomics we study the aggregate economy.


What are the Methodological differences between microeconomics and macroeconomics?

difference in methodology for microeconomics and macroeconomics?


The scientific study of mental processes behavior and the relation between the two is referred to as?

psychophysics


What is the difference between macro and microeconomics?

macro- and microeconomics courses (the "big picture" versus individual companies/persons)


Discuss the differences between macro micro economics?

Microeconomics is the study of individual behavior. This includes consumer purchase decision and individual firm profit maximization. It also focuses on entire markets of goods and services like sugar, prescription drugs, and telephones. Macroeconomics is the study of an aggregate economic entity. This includes the study of the level and growth rate of GDP, price indexes, unemployment, the interest rate, and inflation. The study of macroeconomics is usually discussed on the level of a particular nation. Many experts believe the divide between macroeconomics and microeconomics is closing. This is because in order to discuss the economic welfare of a nation certain concepts of microeconomics must be applied like bonds, and labor must be understood.


What are Business cycles are linked to the interaction between?

the aggregate demand and aggregate supply curves.


What is the difference between macroeconomics amd microeconomics with respect to inflation?

MICROECONOMICS- this deals with any individual segment of economy. MACROECONOMICS- this deals with the whole economy.


Economics?

The science that focuses on manufacturing, exchange, and consumption of various goods and services in the whole economic system is known as economics.If you are also the one who is looking for economic assignment help in Canada, then you can get in touch with these experts by visiting My Assignment Service.


What is the relationship between aggregate expenditure and real GDP?

There is a direct proportional relationship between aggregate expenditure and real GDP. Aggregate expenditure is actually equal to real GDP. This is different from the planned expenditure.


Difference between micro macro economics in tabular form?

microeconomics:-1.it is derived from greek word "mikros" which means small.2. based on principles, problems and policies related to allocation of resources.3.subject matter based on individual units of an economy.4.laws and principles based on asumptions and propositions.5.assumes full employment of all factors of production in an economy.6.market epuilibrium in microeconomics determined by individual market demand and supply.7.microeconomics with the binoculars or microeconomics is about the system of individual.macroeconomics:-1.derived from the greek word"mikros" which means large.2.based on achievement of full employment of resources.3.subject matter based on aggregate issues of the economy.4.laws and principles far from assumption and propositions.5.considers how the factors of production are allocated to achieve full employment.6.market equilibrium in mcro economics determined by aggregate demand and supply.7.macroeconomics without the binoculars or microeconomics is about the system as a ahole.


Relationships between microeconomics and macroeconomics?

The main relationship between microeconomics and macroeconomics are that they are both studies of economics and they both deal with economic factors. Microeconomics deals with economics on a small scale and is broken down into smaller, more individual areas. Macroeconomics deals with economics on a larger scale and focuses on economic factors overall.


What is the Difference between relation schema and relation instance?

difference between relation sehema and relation instance in dbms