Basic microeconomics

= means basic economics =General terms Scarcity—unlimited wants with limited resources Normal goods—income ↑, demand ↑vs. inferior goods—income↑, demand ↓ Substitutes—price of one good ↑,…

0 Comments

Basic economics

Economics is broken down into two categories: micro and macro. Micro is focused on choices made by individuals, households, and firms, whereas macro is focuses…

0 Comments

Basic macroeconomics

Unlike microeconomics, macroeconomics focuses on the aggregate of an economy. This is typically broken down by country, as government involvement is greatly considered. Basic terms…

0 Comments

5 Days in LA

My husband and I spent spring vacation in Los Angeles. This is how we spent 5 days in LA for the first time that allowed…

0 Comments