Economics is the study of how people and societies make choices with or without money by using limited resources in various ways to produce various types of goods and services, then distribute them for consumption purposes in the present and future. Economics is divided into 2, namely: micro economics and macro economics.
Microeconomics is an area of science that analyzes small sections of the overall economic activity. The aspects covered are:
a. How and why economic agents make economic decisions?.The assumptions used in micro-economics is as follows:
b. Behavior and interactions of producers and consumers.
c. The properties and character of producers and consumers.
d. Opportunity costs that arise as a consequence of choices made.
- Economic actors act to follow personal desires (self-interested behavior).
- Producers and consumers act rationally.
- Consumers try to maximize the satisfaction that may be acquired, are producers trying to maximize the benefits gained.
- Kelangkaan faktor-factor.
