2.1 Microeconomics & Macroeconomics Flashcards by Aryan Bisht

Q

Define Microeconomics

A

The study of individual markets

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Define Macroeconomics

A

The study of an entire economy, as a whole

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Define an Economy

A

An area where people and firms produce, trade and consume goods and services

How well did you know this?

1

Not at all

2

3

4

5

Perfectly