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Microeconomics studies the behavior of economic agents and its impact on market dynamics, focusing on supply and demand, market breakdowns, and conditions for perfect competition. It emphasizes optimal trade-offs individuals and firms make due to limited resources, the role of price in decision-making, and the centrality of market systems. Macroeconomics, on the other hand, analyzes broader economic activities at the national or international level, encompassing trends like employment and inflation, and inc

Author

Nguyễn Nguyên Ngô

Language

EN