Micro-economics

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Main Points
leezuk
Mind Map by leezuk, updated more than 1 year ago
leezuk
Created by leezuk almost 11 years ago
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Micro-economics
  1. "Adam Smith" - self interest leads to the better good. Micro V Macro.Micro - How actors make allocations of scarce resource. Macro - what happens to the aggregate economy. Simplified mathematically by graphs and equations.
    1. The law of demand - If we increase the price demand will decrease. If we
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