The study of broad-scale economic factors, such as interest rates and productivity levels at the local, national, and international levels, is known as macroeconomics. In contrast, microeconomics studies the ways in which individuals, businesses, and institutions utilize their financial resources. We research economics because. It affects important facets of our everyday lives, such as wealth, inflation, taxation, and interest rates, to put it briefly. Economists provide methods that analysts can use to examine the costs, benefits, and effects of government actions in a range of industries that affect society.
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