MICROECONIMICS
MICROECONIMICS
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PRECISE AND DETAIL Summary - MICROECONIMICS CHAPTER 1 Everything you need to know!
- Summary • 5 pages • 2024
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What is economics?
The study of how we make decisions in a world where resources are limited
Why should one study economic?
Economics helps you think more clearly about the decisions you make everyday and tp understand better how the economy functions and why certain things happen the way they do.
Microeconomics is the study of
How households and firms make choices, how they interact in markets, and how the government attempts to influence their choices
Macro economics
The...
Summary
PRECISE AND DETAIL Summary - MICROECONIMICS CHAPTER 1 Everything you need to know!
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What is economics? The study of how we make decisions in a world where resources are limited Why should one study economic? Economics helps you think more clearly about the decisions you make everyday and tp understand better how the economy functions and why certain things happen the way they do. Microeconomics is the study of How households and firms make choices, how they interact in markets, and how the government attempts to influence their choices Macro economics The...
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