Examples Of Microeconomics

Good Essays
What is microeconomics? The meaning is the social science that studies the implication of individual human action specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics show how and why different goods it values in other terms its more complete advance and settled science that macroeconomics. When I read the article, “The Fatal Flaws in Trump’s Frankenstein Economic Plans,” that talk about the economy and the new era that the United State is going to face with Trump new administration and when he talk about a recession. When I was reading the article I thought that it gave a good example of a microeconomics because when the new president goes in the White House theirs going to be …show more content…
When the article talks about the comment that China and their trade and how they are making more than the U.S reminds me on the type of markets that there is between the U.S and China they when I look at the two countries and look at their markets they are some similarities for example both of them i can tell that they us perfect competition and monopoly i can say that it is perfect completion because both of the countries are in the top of the powerful economy country chart and want to be number one and are always creating new stuff to keep their economy strong the second when they talk about monopoly I think is more in China than in the U.S and thats because the government in that country allow it. When the article talk about chinas labor regulation and how they produce reminds me on the rights that everyone here in the us when they talk about if the company has the right to make it harassment free zone or when they talk about how in every company the workers have rights that is something china has a big problem because a lot of people think that the worker in china don 't have the same right as the workers in the U.S and that can affect the market because people are not safe and can’t produce the same work and their lives can be in stake. When the article talks about the TTP ( Trans-Pacific Partnership) they talk about trading deal can affect the economy and they also

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