Demand and Supply intro
In a general sense, economics
is the study of production, distribution, and consumption and can be divided into two broad areas of study: macroeconomics and microeconomics. Macroeconomics
deals with aggregate economic quantities, such as national output and national income. Macroeconomics has its roots in microeconomics
, which deals with markets and decision making of individual economic units, including consumers and businesses. Microeconomics is a logical starting point for the study of economics.
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