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Explanation: This is not an explanation - someone else has provided you with that. It's just a more concise translation.
I understand your difficulties, but it is true that you're asking too many questions.
I don't mean to be rude, but you have posted a lot of questions in the past minutes. Please read kudoz rules.
13:42 Jul 21, 2005
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7 mins confidence: peer agreement (net): +5
microeconomics and macroeconomics
Explanation: Here is their meaning:
Like most definitions in economics, there are various competing definitions of the term Microeconomics.
Perhaps the simplest answer to the question "What is Microeconomics?" can be found at West Valley College. They state that "Microeconomics deals with the decision making and market results of consumers and firms".
Wikipedia states that "Microeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product."
Perhaps the simplest answer to the question "What is Microeconomics?" can be found at WordReference.com. They state that "Macroeconomics is the branch of economics concerned with aggregates, such as national income, consumption, and investment ".