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igcse economics > Concept 2 : Micro & MacroEconomics > Flashcards

Concept 2 : Micro & MacroEconomics Flashcards

1
Q

What is Macroeconomics?

A

Study of the whole economy and changes in overall output

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2
Q

What is Microeconomics?

A

Households, firms and the performance of sectors

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3
Q

What is one example of a macroeconomic decision impacting microeconomic features?

A

The use of taxes

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4
Q

What is one example of a microeconomic decision impacting macroeconomic features?

A

A new technology that can be used for many people

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igcse economics (9 decks)

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