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They keep telling us we need to learn about Microeconomics.
Do you know what that is?
No, but I can ask my teacher tomorrow.
Well, they are simply us and our families.
Mrs. Thompson, what is microeconomics?
Well 'micro,' meaning small, is the root word of it. We, as humans, are small part of the economy.
I'm confused. How are we microeconomics?
When our families spend money, we impact the economy by a small percentage.
So, when I spend money, I'm impacting the economy? I thought it could only be affected on a major level.
No, it's not always on a major level. It's affected by an individual's decision. It's the opposite of macroeconomics
Thanks Mrs. Thompson.
So what are microeconomics?
They are a type of economics that are based on us as individual and our families. We are the small, or 'micro' part of economics
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