Intro To Microeconomic

May 14th, 2015
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Economic is the science which studies human behavior as relationship between ends and scarce means which have alternative uses. Economic is divided into two categories Microeconomic and Macroeconomic. Microeconomic, which deal with individual agents such as householder, business?

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Intro To MicroeconomicIntroduction to MicroeconomicEconomic definition:Economic is the science which studies human behavior as relationship between ends and scarce means which have alternative uses. Economic is divided into two categories Microeconomic and Macroeconomic. Microeconomic, which deal with individual agents such as householder, business? Also can be defined as study of economic behavior of individual consumers, firms and industries and distribution of production and income among them. Macroeconomic, which considered economy as a whole, in which case it considers aggregate supply and demand for money, capital and commodities. Economics Scope:Positive economics: positive science which describe what is and situation as it. Normative economics: normative science explain what should to be analysis the situation and suggest/comment on wrongness or rightness of

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