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Role of Mircroeconomics in Politics

ROLE OF MICROECONOMICS Microeconomics (from Greek prefix mikro- meaning “small”) is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.[1][2][3] One goal of microeconomics is...

Microeconomics Politics 2 Pages

What is Microfinance

What is ‘Microfinance’ Microfinance, also called microcredit, is a type of banking service that is provided to unemployed or low-income individuals or groups who otherwise have no other access to financial services. While institutions participating in the area of microfinance are most often associated with...

Microeconomics 4 Pages

How microfinance works

Over 55 percent of the world’s population lives in rural areas(Morvant-Roux,2017) where most households are excluded from the formal financial system. Access to financial service by poor households is therefore a necessity, given that it’s an opportunity for these excluded segment of the population to...

Finance Investment Microeconomics 6 Pages

The Relationship Between Microeconomics and Monetarism in Economics

In economics, microeconomics is a term that defines how people live and how the choices they make affect the economy respectively. In other words, it is a study of households and how their choices affect the price of market goods and the overall economy. Money...

Microeconomics 1 Page

Microeconomics Theory and How Individuals Make Decisions within an Economy

Current microeconomics theory and thought is based on the same premises it has been for years. These thoughts and theories were developed through research, observation, trial, and error. There are essentially ten principles in Economics. These principles will be discussed as well as the ideas...

Microeconomics 1 Page

Why Data Envelopment Analysis is interesting?

In production theory of microeconomics, a firm’s input and output combinations are assumed with the help of using a production function. Using such type of function, one can display the maximum output which can be achieved with any possible combination of inputs, that is, one...

Data Analysis Microeconomics 1 Page

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Essays on Microeconomics