Difference between revisions of "Microeconomics"
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| − | Microeconomics is the study of the behavior of individual units, firms, households or persons in the economy. | + | Microeconomics is the study of the behavior of individual units, firms, households or persons in the economy. |
| + | If [[macroeconomics]] is compared to the study of a "forest", then microeconomics is the study of the trees in the forest. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 05:42, June 12, 2007
Microeconomics is the study of the behavior of individual units, firms, households or persons in the economy.
If macroeconomics is compared to the study of a "forest", then microeconomics is the study of the trees in the forest.