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The importance of microeconomics


PDavis
(@pdavis)
Eminent Member
Joined: 2 years ago
Posts: 26
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Microeconomics ensures a fair market trade based on supply and demand. There is more of a focus on individual aspects of land, labor, capital and enterprise vs. looking at everything at once and just taking action from there. I believe this is the reason why many areas remain trapped in poverty because of the heavy reliance on macroeconomics. Both need to be present for things to function well but when we focus on throwing everything together under the same category to save time (or money) it results in longterm damage to the general state of the economy. 


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markuz
(@markuz)
Active Member
Joined: 2 years ago
Posts: 10
 

Very informative! Some people think that microeconomics is not a big deal, not understanding its importance to the country. This forum is helpful in sharing important economics topics.


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