About the Book
Economics can be classified into two primary branches: microeconomics and macroeconomics.Microeconomics is primarily focused on the actions of individual economic entities, encompassingconsumers, employees, investors, landowners, and business enterprises, or essentially any entitycontributing to the functioning of the economy. In the realm of microeconomics, the rationale behind theeconomic decisions made by these entities is explored. For instance, it elucidates the factors influencingconsumers’ choices when making purchases, taking into account fluctuations in prices and income. Italso examines how businesses determine the number of employees to hire and how employees choosewhere to work and the extent of their labor output.
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