Microeconomics

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Microeconomics - next to macroeconomics branch of economics. Microeconomics focuses on choices made by households, companies, government. Decisions made by them and their behaviors are affecting supply and demand of products and services. Microeconomics draws attention to connections and interactions between households, companies and government and how they affect each other.

Study of microeconomics

Microeconomics is involved in several topics like:

Microeconomics issues includes factors that affect supply and demand, how prices are set on different markets, connections between elements of market, factors that determine customer's choices, behaviour of producers and customers.

References

Author: Monika Stempień