Economicsandwe

Economists split the world into two main views to understand how we function: 1. Microeconomics (The Small Scale) Focuses on how individuals and businesses make decisions.

Decisions are made by us as individuals and private businesses. economicsandwe

Different societies answer the basic questions— What to produce? How? For whom? —in different ways: Economists split the world into two main views

Focuses on how we perform collectively as a nation or the world. The total value of everything we produce. economicsandwe