Professional Documents
Culture Documents
Definition
Write 10 items what you want, why you cannot get that. What is the reason?
1. Money
2. Tax
3. Inflation
4. Income
5. Outcome
6. Demand
7. Supply
8. Marginal
9. Utility
10. Markets
11. Price
12. Saving
13. Borrowing
14. Consumption
15. Purchase
16. Loan
17. Output
18. Input
19. Budget
20. Household
21. Accounting
22. Profit
23. Cost
24. Production
25. Average
26. Labor
27. Curves
28. Quantity
29. Fixed costs
30. Cariable costs
Social sience that choice individual, business, government, entire society make as
they cop the scarcity and they ntensive that influence
Microeconomics
Examines the individual industries and the behavior of individual decision-making
units-business firms and households.
Macroeconomics
Deals with the economy as whole
Macroeconomics focuses on the detrminants of total national income, deals with
agreegates such as agreegate consumption and invesment, and looks at the ocverall
level of prices instead of individual prices
Who consume?
It could be household, individual, government, firm
Financial capital