Microeconomics

Microeconomics is about understanding how people and businesses make decisions about what to buy, sell, and produce. It looks at how people and businesses respond to changes in supply and demand, and how markets work together to provide us with the things we want and need. Microeconomics is all about making the most of our resources, like money, time, and land, by deciding what is valuable, and how much to produce of it. Microeconomics helps us understand how the decisions we make can have a big impact on our lives and how to make better choices.