Understanding Gross Domestic Product (GDP): Macroeconomics Essentials

Posted by on Feb 16, 2025 in Commercial and Marketing Management | 0 comments

1.1 Macroeconomics vs. Microeconomics

Microeconomics focuses on how decisions are made by individuals and firms and the consequences of those decisions. One product, one price, a single market.

Macroeconomics examines the aggregate behavior of the economy – how the actions of all the individuals and firms in the economy interact to produce a particular level of economic performance as a whole. Aggregate production, price index, economy as a whole.

1.2 Gross Domestic Product (GDP)

  • The most frequent
Read More