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Aristotle is generally considered the forefather of economics in general and he pursued microeconomic ideas, mostly. It is more likely microeconomics evolved first because individuals tend to analyse their own behaviours and optimise them - this is the assumption of rationality.
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Why do economists distinguish between micro- and macro-economics?
Microeconomics is the study of how individuals work in the economy. An individual does not have to be a single person; it may be a family, club, or even corporation. Macroeconomics first came about when John Maynard Keynes wrote "The General Theory" in the 1930s. "The General Theory" sought to explain the big ideas of an economic system. It looked at not only how individuals interact in an economic system, but how the economy changes overall. Measuring inflation or unemployment is an example of macroeconomics. Supply and demand is microeconomics.
What is home-economics?
study of homemaking and the relation of the home to the community. Formerly limited to problems of food (nutrition and cookery), clothing, sewing, textiles, household equipment, housecleaning, housing, hygiene, and household Economics, it later came to include many aspects of family relations, parental education, consumer education, and institutional management.
Who came up with supply and demand?
Adam Smith, in his book The Wealth of Nations, laid out the relationship between supply and demand and how scarcity and abundance will cause the price of a commodity to go up or down.
What president came up with trickle down economics?
Ronald Ragen
During the 18th century who suggested the government should follow a policy of laissez-faire?
In his book called the Wealth of Nations, Adam Smith analyzes and explains his view of economics and what system may be the best one to implement into a nation's economic policies. Smith came to the conclusion that Mercantilism was unsound. He recommended a capitalistic system, a laissez-faire system.
Is it politics that came first or economics?
economics
If Adam came firstwho made him?
If you believe that Adam came first then obviously God made him!! according to science micro organisms came first. - Alpha ---------------------------------------------------------Recommend me if u like this.....
Can dogs eat chicken?
yes they canWhat came first was a micro organism that had slowly evolved to a chicken so you might say the chicken came first.
Which came first Game Boy Advance or Game Boy micro?
gameboy advance stupid
Why do economists distinguish between micro- and macro-economics?
Microeconomics is the study of how individuals work in the economy. An individual does not have to be a single person; it may be a family, club, or even corporation. Macroeconomics first came about when John Maynard Keynes wrote "The General Theory" in the 1930s. "The General Theory" sought to explain the big ideas of an economic system. It looked at not only how individuals interact in an economic system, but how the economy changes overall. Measuring inflation or unemployment is an example of macroeconomics. Supply and demand is microeconomics.
What came after the gba?
either the micro gba otherwise the ds
What theme best represents the reason the Irish came to America in the late 1840s?
economics
Where is the user's guide for Pandigital Supernova DLX?
On the Micro SD card that came with the tablet.
What was Martin Luther and John Calvin's view when it came to economics?
Every thing they loved it all
What came first the bird or the egg?
Eggs. Animals were laying eggs for millions or years before there were any birds.
Immigrants leaving famine or joblessness in their home countries came to the US because?
Economics and the hopeof social justice.
Did the Cenozoic era came first?
No. Who came first.
