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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Microeconomics |
Concerned with decisions being made by individual customers, workers, households, and business firms |
Individual |
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Macroeconomics |
Seeks to obtain an overview of the structure of the economy and relationships with aggregates. Examines behavior of the economy as a whole. Focuses attention on economic growth, the business cycle, interest rates, inflation, and behavior of major economic aggregates (government, household, and business sector) |
Whole. The large scale |
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Economizing Problem |
The need to make choices because economic wants exceed economic means |
Wants and needs |
