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Microeconomics and Macroeconomics

Introduction Microeconomics and macroeconomics are two diverse viewpoints on an economy. Microeconomics focuses on the individuals, firms, and industries of the economy. In microeconomics, we focus on how individuals’ choices are determined, what those choices determine and for whom do we produce goods and services. Macroeconomics looks into the economy...

Importance of Social security & Financial Planning

In the United States, the program of public retirement is known as Social Security. This social welfare and insurance plan, regulated by the U.S. federal government, pays benefits (retirement income, disability income, social security Medicare and Medicaid, and death and survivorship benefits), known as social security benefits to the...

Start-up and Information economics

The world runs on information, all kinds of information. The economic analysis of all information is known as Information Economics, just as its name suggests. All the information you and I have and also don’t have been analyzed for economic purposes. Therefore, Information Economics, a branch of microeconomics, picks out...