Economics
Economics can be defined simply as the study of the economy. A more in dept definition would be "the social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems". (www.answers.com). Microeconomics and Macroeconomics are two issues that have a major influence on society. Macroeconomics is the study of the total effect on the national economy and the global economy; basically these choices influence whole groups or an entire demographic. Microeconomics is the study of the choices that individuals and business make. An example of macroeconomics can be how the interest rate rising effects consumers buying houses less, which affects the construction business and causes the construction workers to spend less money in the economy, a rising interest rate also affects the amount of loans consumers are willing to take out. An example of microeconomics can be the decision that a......
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