Comparison Of Individual Differences And Macroeconomics

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Register to read the introduction… The choices and decisions an individual makes begins with the supply and demand of an item and the individual bases that choice or decision on certain factors that have influence over that choice or decision. Microeconomics offers alternatives to some resources in demand for competitive reasons, price and amount of the resource can be viewed as factor. Macroeconomics offers the opposite view of the economic spectrum it takes the whole and of the choices and decisions that the economy shows and breaks it up into parts to understand it better. Prices and quantity have to balance at some point and time; the invisible hand theory plays a part in governing the choice and decisions that individuals make on a daily basis. I think that it gives individuals a guideline not to live above and individual means but also to keep from living in

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