greengoat36Lv1
28 Oct 2021
Problem 9
Page 292
Section SELF: CHECK QUESTIONS
Chapter 12: Environmental Protection and Negative Externalities
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28 Oct 2021
Introduction
Economics is broadly divided in two parts, microeconomics and macroeconomics. Microeconomics discusses the working of individual agents within the economy such as businesses, workers, and households. Whereas, macroeconomics describes the economy as a whole. It discusses broad issues such as the unemployement, inflation, deflation, production growth, imports and exports, and government deficits. Microeconomics and macroeconomics are not different subjects but instead complementary perspectives on the overall subject of the economy.
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