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Economic Theories

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Economic theories broadly fall under two categories: microeconomics and macroeconomics. In most basic terms, microeconomics deals with the economy at a smaller level or at a smaller scale, such as the market for a particular product (e.g., automobiles) or the behavior of an individual firm in a particular industry (e.g., decisions made by one of the Big Three in the U.S.

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Copyright © 2011 Advameg, Inc.