Macroeconomics

Before I can choose a business, I need to know how much competition there is in my community. For example, if competition for outdoor footwear is high, the coffee shop might be the better choice. I also need to know which business has factors of production that are possible for me to meet. For example, how many employees would I need for each business?

It is called the marginal propensity to consume, or MPC

Macroeconomics examines the consumer purchases of families and age groups.

Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.

through government involvement in banking and fiscal policies

1. GDP - Gross Domestic Product

2. Inflation

3. Unemployment

Sources:

A - Level Economics

the relation of inflation and unemployment can be macroeconomic illustration. both these topics deals with macro economy.

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.

Macroeconomics is the study of the economy as a whole instead of individual markets.

referee

to achieve full employment,to achieve price stability, to achieve economic growth, equilibrium in B.O.P and equitable distribution of income.

real GDP

inflation

unemployment

There are four actually:

1. To achieve economic growth;

2. Pursuit of full employment;

3. Price stability the lesser the inflation the better and vice versa; and

4. Pursuit balance of payments stability.

Macroeconomics goals are best met by the public sector as they are the driving force of the economy.

cutting state income taxes

Macroeconomics examines the consumer purchases of families and age groups.

business cycle-- good luck

Economic growth : Fall in tax increases the disposable income of the people therefore increasing their purchasing power leading to increased GDP Employment :decrease in tax causes firms to produce mo

macroeconomics

the demand for commodity x cab be described as completely price inelastic if :

What are the major goals in microeconomics?

Unemployment is the main cause of poverty. Even in poor countries, when everyone is employed it usually means that there is an equality of opportunity to work by the free availability of the land and capital. However, when either of these two factors of production are limited or stopped, unemployment will result along with poverty.

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Since macroeconomics deals with how governments should help the social system and many of its communities to progress, the problem of poverty is a major one along with the associated unemployment.

microeconomics im not sure why

Direct, productive, and wasteful consumptions.