Microeconomics

[Aania]

Microeconomics


The branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular, microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets (e.g. coffee industry).

[Aania]

Re: Microeconomics

Macroeconomics,

on the other hand, looks at the big picture (hence "macro"). It focuses on the national economy as a whole and provides a basic knowledge of how things work in the business world. For example, people who study this branch of economics would be able to interpret the latest Gross Domestic Product figures or explain why a 6% rate of UNEMPLOYMENT is not necessarily a bad thing. Thus, for an overall perspective of how the entire economy works, you need to have an understanding of economics at both the micro and macro levels.

[Aania]

Re: Microeconomics

Microeconomics

is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine price levels for specific companies in specific industry sectors. For example, microeconomics would look at how a specific company could maximize it's production and capacity so it could lower prices and better compete in its industry.


While these two studies of economics appear to be different, they are actually interdependent and complement one another since there are many overlapping issues between the two fields. For example, increased inflation (macro effect) would cause the price of raw materials to increase for companies and in turn affect the end product's price charged to the public.

Micro- and macroeconomics provide fundamental tools for any finance professional and should be studied together in order to fully understand how companies operate and earn revenue and thus, how an entire economy is managed and sustained.

[Spy009]

Re: Microeconomics

Nice info Anie

http://www.pegham.net/showthread.php?t=2421

[Muhammad Khalil]

Re: Microeconomics

Nice information

[fari]

Re: Microeconomics

Salam! janab
mai Economics ki student hon yaa thread agay bharaay ga?

[Aania]

Re: Microeconomics

A nonprofit organization is one that has committed legally not to distribute any net earnings (profits) to individuals with control over it such as members, officers, directors, or trustees. It may pay them for services rendered and goods provided.

[Aania]

Re: Microeconomics

Definition of a Oligopoly: A market for a good where a few major suppliers account for a large majority of sales.

[*Hala*]

Re: Microeconomics

nice information :thmbup:

[fari]

Re: Microeconomics

hmmmmmmmm thank u Aania jee mai ajj kal yahi parh rhi hon nice information MA'am

[Bheegi-Palkain]

Re: Microeconomics

Asslam_O_Alikum WR WB

Bhot uMda aania ... :thmbup:

Farii aaj kal u ya parh rahy ho lolzz :D

Micro bana kar ly jaw is ka parhnay ki zaroort hi khatam :kr:

FeaamnAllah:lpop: :lpop:

[fari]

Re: Microeconomics

Asslam_O_Alikum WR WB

Bhot uMda aania ... :thmbup:

Farii aaj kal u ya parh rahy ho lolzz :D

Micro bana kar ly jaw is ka parhnay ki zaroort hi khatam :kr:

FeaamnAllah:lpop: :lpop:

:tauba

[Aania]

Re: Microeconomics

hmmmmmmmm thank u Aania jee mai ajj kal yahi parh rhi hon nice information MA'am

main bhi... :wk

[*Rida*]

Re: Microeconomics

:pagal: