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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 886 |
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Then they have to determine the way they can obtain the greatest profits. In addition, in the market, people try to achieve the most from what they have to offer and to satisfy their demands as much as they can. This process helped them to specify what they will supply and what they will demand.
While microeconomics focuses on factors that affect the decisions made by households and individuals, macroeconomics concerns the performance of the economy as a whole...
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Macroeconomics, in an attempt, studies the movements and trends of the economy as a whole to forecast economic conditions which helps individuals, corporations and governments to make better choices and decisions. In his writing Macroeconomic Analysis, Reem Heakal stated that, “Macroeconomic analysis broadly focuses on three things: national output (measured by gross domestic product (GDP)), unemployment and inflationâ€...
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