Micro-Economics-Journals
Microeconomics is the
social science that studies the implications of incentives and decisions, particularly about how they affect resource utilization and distribution.
Microeconomics describes the pricing of products and money, the causes for different people 's prices, how producers, consumers and others can benefit more or less, and how individuals can best coordinate and cooperate.
Microeconomics generally provides a more comprehensive and detailed understanding than the macroeconomics.
Microeconomics is the study of what is likely to happen (tendencies) when people make choices to respond to changes in incentives, prices, resources and/or production methods. Individual actors are often grouped into subgroups of microeconomics, such as purchasers, sellers and
business owners. Those groups create resource supply and demand, using money and interest rates as a coordination pricing mechanism. Microeconomics, as a purely normative science, doesn't attempt to explain what should happen in a market. Microeconomics, instead, will only explain what to expect if certain conditions change.
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