Economics is the study of how people and societies make choices with or without money by using limited resources in a variety of ways to produce various kinds of goods and services, then distribute them for consumption purposes and our times will come. Economics is divided into 2, namely: micro economics and macro economics.
Microeconomics is an area in the science of analyzing small parts of overall economic activity. Aspects covered are:
a. How and why economic actors make economic decisions?.
b. Behavior and interactions of producers and consumers.
c. The properties and character of producers and consumers.
d. Opportunity costs arising as a consequence of choices made.
The assumptions used in micro-economics is as follows:
a. Economic actors act to follow personal desires (self Interested behavior).
b. Producers and consumers act rationally.
c. Consumers try to maximize the satisfaction that might have, is a manufacturer trying to maximize the benefits gained.
d. Scarcity factor-factor production.
a. Economic actors act to follow personal desires (self Interested behavior).
b. Producers and consumers act rationally.
c. Consumers try to maximize the satisfaction that might have, is a manufacturer trying to maximize the benefits gained.
d. Scarcity factor-factor production.
Macro economics is the science that analyzes the problems of overall economic activity, such as national income, national product, national consumption, savings and national investment. His analysis attempts to give answers to the questions as follows:
a. What factors that determine the level of an economy?
b. Why economic growth is not always high?
c. Why not develop economic activity by stable?
d. Why is unemployment and rising prices continue to happen?
a. What factors that determine the level of an economy?
b. Why economic growth is not always high?
c. Why not develop economic activity by stable?
d. Why is unemployment and rising prices continue to happen?
