Hot Student Stories

What area of economics focuses on the interactions between individual consumers and producers?

Carlton Burgess

in Social studies

1 answer

1 answer

Kevin Sutter on March 24, 2018

The economic science is concerned with the study of economic phenomena at the broadest level, the macroeconomy, and on a strict level, by microeconomics. Macroeconomics studies the economic policies of the governments and of the major aggregate indicators of the economy, such as inflation, unemployment and the rate of projected. Microeconomics focuses on the environment in a restricted environment, analyzing consumer behavior, behavior of firms and the relationship between them. To do this, there are specific theories: Signature of the theory and of the Theory of the Consumer. The answer, then, is that of microeconomics.

Add you answer