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Micro Economic Theory

Microeconomic theory is about the behavior of economic units which include consumer workers, investors, landowners and individuals who play a role in the functioning of the economy.
In microeconomic theory discussed several aspects of the following:
1. How and why the economic units make economic decisions
2. How do economic forces interact to form units of larger associated with market and industry
3. Behavior of sellers and buyers in the market
4. Various techniques and micro-economic analysis in explaining the phenomenon of everyday terapannya
5. Opportunity cost that arises as a consequence of choices made

In micro-economic analysis based on the analysis
1. Act to follow personal desires
2. The buyers and sellers to undertake economic activities in a rational-economic
3. The buyers are trying to maximize his satisfaction that may be enjoyed while the sellers are seeking to maximize profits earned
4. Acting on the basis of resource scarcity.


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