THOUGHT FOR THE DAY

Love

"Without love in you life, you have nothing."

- Wynonna Judd

TOPIC OF THE DAY

What's the difference between macroeconomics and microeconomics?

Microeconomics is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations created by governments. Microeconomics focuses on supply and demand and other forces that determine the price levels seen in the economy. For example, microeconomics would look at how a specific company could maximize it's production and capacity so it could lower prices and better compete in its industry. (Find out more about microeconomics in Understanding Microeconomics.)

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