_muse_
Come on join the joyride
can someone PLEASE tell me what the hell these two mean.. it doesnt matter how many books i read or how many times i read it, i just dont understand it. Please, i would be so grateful 
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Microeconomic and Macroeconomic??? (1 Viewer)
- Thread starter _muse_
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kat_in_a_hat88
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Microec means anything that accounts for and/or affects specific industries e.g textiles, exports
Macroec affects the whole economy.
Macroec affects the whole economy.
nick1048
Mè çHöP ŸèW
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microeconomic = supply side economics - structural things like how regulated industries that supply things are. So it has a lot to do with the structure of the economic, like trade, finance and employment.
macroeconomics = demand side economics - your looking at fiscal and monetary policy in altering the amount of demand there is. Things like interst rates, where if they are high, demand is low coz people don't want to borrow much money.
macroeconomics = demand side economics - your looking at fiscal and monetary policy in altering the amount of demand there is. Things like interst rates, where if they are high, demand is low coz people don't want to borrow much money.
umm great time to ask, guess ur ready for tomorrow_muse_ said:can someone PLEASE tell me what the hell these two mean.. it doesnt matter how many books i read or how many times i read it, i just dont understand it. Please, i would be so grateful
Jago
el oh el donkaments
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Macro can be defined as the use of govt policies to influence the economy with the aims of reducing large fluctuations in th elevel of economic acticity and achieving certain goals.
Micro can be defined as actions taken by the govt to improve resource allocation btn firms and industries, in order to maximise output from scarce resources.
Micro can be defined as actions taken by the govt to improve resource allocation btn firms and industries, in order to maximise output from scarce resources.