Microeconomics

Image Source

Microeconomics is a discipline that thrives on economics at the level of firms, consumers and industries. He reviews it at micro level as understood from its name. So in terms of companies how to produce, what to produce, what to produce, how to price and how much production should keep a light on questions. At the consumer level, the consumer replies to questions such as which commodity should be consumed and which one benefits more if consumed. How should rational individuals behave when making an economic decision? the question is actually the first question asked to make an assessment at consumer level in microeconomics.

When we look at the above picture, the whole economy is macroeconomic, macroeconomic is microeconomic. In fact, there are economists who agree that many economists claim that they are very different things, and that they need to be examined separately. However, when we think that microeconomics is indeed the basis of macroeconomics at least we can say. Macroeconomics is at the national and world level; interest, inflation, employment, and so on. Because if there is no economic person, neither the country nor the world economy exists.

Macroeconomic indicators are already changing as a result of decisions made by people in the economy. For example, if the savings of economic individuals increase, the investments made are increasing naturally. (Remember that you invest in more than the amount of money you need, or that you do what you do in your hands.) At least, you have a reputation for investment property, foreign exchange, gold.