Business Acumen

MICRO AND MACRO ECONOMICS ❗

ECONOMICS❕

Economics is the study of economies and the variables that influence them.

MAJOR TYPES ❕

Microeconomics and macroeconomics are the two main areas of attention.

MICROECONOMICS❕

Microeconomics examines how individuals and corporations act in order to comprehend their motivations for doing so and how their choices impact the overall economy.

Microeconomics investigates how a certain value is associated with a good or service. It looks at how people work together and cooperate in the workplace.

Microeconomics frequently focuses on economic trends, including how personal decisions and behaviours affect shifts in production.

MACROECONOMICS ❕

As its name suggests, macroeconomics focuses on the overall situation. Macroeconomics is the study of elements that affect the entire economy, such as how inflation and price increases affect it. It examines how changes in net exports affect a country's capital account or how the unemployment rate affects gross domestic product (GDP).

By.

M SOHAIB SALEEM