BRANCHES OF ECONOMICS.
Hey Guyz, Happy Last day of the week. Happy Friday,
It’s a lovely day don’t you agree?. Am just too grateful for life and Beauty.
Let’s get straight to work.
Economics can be grouped into two major groups namely:
Micro- Economics and Macro- Economics.
MICRO-ECONOMICS.
Micro- Economics refers to the branch of economics
that deals with smaller units/components of the economy. It is the branch of
economics that studies the economic actions of individuals, firms and
governments. It relates to cost, output, production, pricing and the marketing
activities of households, firms and governments.
ADVANTAGES
OF MICRO- ECONOMICS:
1. Better Understanding-
Micro- economics helps in the better understanding of the
