Article Treasure Cove

Microeconomics is the study of the allocation of scarce resources. While macroeconomics is from the view point of the overall or total economy and is an aggregate effect. It deals primarily with Fiscal Policy and monetary Policy. In a microeconomic example, we can use fuel. Fuel or gas, is in short supply, which makes it a scarce resource. We can use Adobe for the measuring of this. By the supply of this resource being so low, the price of the fuel increases, and keeps in line with the increase in demand as well. The price fluctuation hurts the individuals who need to purchase fuel to operate there day to day lives. For instance driving a car, running the stove, even operating a washing machine could take valuable resources that fluctuate the price.

We can also use fuel in a macroeconomic example. On a global scale fuel import and export based on supply and demand fluctuates the global market. This affects the economy as a whole because we rely so heavily on fuel.

At home we make microeconomic decisions everyday. Purchasing groceries is a good example. Based on the price of some items we will choose other items instead. Some of the factors that helped me make the decision would be the price of the item. How important that item may be according to my meal. If the item was an important ingredient I would have to purchase it no matter what. In the case of not purchasing it I would not be able to cook the meal successfully.

An example of a macroeconomic decision made at home would be one that effects everyone or thing in the household. For example, paying the power bill. It sounds simple enough, but if it is not paid it affects he entire household, from no heat or AC, to not having any food in the refrigerator because it has gone bad. This would affect the household not just an individual. So by paying the power bill we save the food, and continue to be protected from the elements.

As you can see, microeconomics is the study of the allocation of scarce resources. While macroeconomics is from the view point of the overall or total economy and is an aggregate effect. The two however, in some cases do interact and have an impact on one another. Many companies rely on one or the other to make a buisness case as well ways to run the buisness.

Their is MTPH Software, and a software solution such as Adobe to help this problem. Many resiurces fro the outside can help to eleviate whatever problems could arise from the micro, and macro economic interaction or colide.

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