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microeconomics |
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microeconomicsStudy of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of land, labour, and capital and as the ultimate consumers of the final product, and it examines firms both as suppliers of products and as consumers of labour and capital. Microeconomics seeks to analyze the market or other mechanisms that establish relative prices among goods and services and allocate society's resources among their many possible uses. See also macroeconomics. microeconomics the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them www.helsinki.fi/WebEc/webecd.html How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Mark Elder shows how the Ministry of Economy, Trade and Industry has shifted its emphasis to economy-wide reforms while simultaneously pursuing some of the micro-economic policies that characterized postwar industrial policy. Kitts and Nevis, the CDB will review progress on a host of investment projects, like providing micro-economic development grants to encourage the development of entrepreneurship in Trinidad and Tobago, and the rehabilitation of 14 schools in Grenada, including training in special education and curriculum development. This, says Wood, created a `classic micro-economic win-win situation'. |
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