Market Structures In AT & T: Macroeconomics
Market Structures in AT&T
Tamela Black
ECO/365
September 2, 2013
Joe Krupka
Market Structures in AT&T
Microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources. Typically, it applies to Markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determine prices and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services.(From Wikipedia, the free encyclopedia). Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and …show more content…
Two are the behaviors and decisions that affect the goods and services. The supply is increased and the demand decreases and these are based on behaviors and decisions. All of this plays a significant role in prices of goods and services. Another principle I learned, pertaining to Macroeconomics, is dealing with inflation and growth. Taxation levels can change the pricing levels of goods and services. Unemployment rates can cause a change in the economy also. For example: If there is a very high rate of unemployment then there is a decrease in consumption of goods and services. If people are out of work then they are not able to buy and consume services like a working person …show more content…
The factors affect are the overall growth of the world and people. The factors such as: The employment rates, general behavior of prices, total income earned level of employment of productivity, interest rates, and national productivity. These factors mentioned, are larger and have much more larger effect on supply and demand. A great example I found while researching was a statement saying “The microeconomist studied the behavior of the individual consumer choosing between chocolate and strawberries. The Macroeconomist is more interesting in measuring the overall level of consumption in all markets, including those for strawberries and chocolate. Understanding the overall consumption, how it is affected by other economic variables, and its effect on the economy as a whole are questions for the study of Macroeconomics. Macroeconomics nodds and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.”(from--www.boundless.com, Macroeconomics and Microeconomics). These factors affect supply and demand on the equilibrium price and quantity on the economy as a whole. These factors play a major role on the entire population, economic performance and the national economy. On the other hand ,
Tamela Black
ECO/365
September 2, 2013
Joe Krupka
Market Structures in AT&T
Microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources. Typically, it applies to Markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determine prices and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services.(From Wikipedia, the free encyclopedia). Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and …show more content…
Two are the behaviors and decisions that affect the goods and services. The supply is increased and the demand decreases and these are based on behaviors and decisions. All of this plays a significant role in prices of goods and services. Another principle I learned, pertaining to Macroeconomics, is dealing with inflation and growth. Taxation levels can change the pricing levels of goods and services. Unemployment rates can cause a change in the economy also. For example: If there is a very high rate of unemployment then there is a decrease in consumption of goods and services. If people are out of work then they are not able to buy and consume services like a working person …show more content…
The factors affect are the overall growth of the world and people. The factors such as: The employment rates, general behavior of prices, total income earned level of employment of productivity, interest rates, and national productivity. These factors mentioned, are larger and have much more larger effect on supply and demand. A great example I found while researching was a statement saying “The microeconomist studied the behavior of the individual consumer choosing between chocolate and strawberries. The Macroeconomist is more interesting in measuring the overall level of consumption in all markets, including those for strawberries and chocolate. Understanding the overall consumption, how it is affected by other economic variables, and its effect on the economy as a whole are questions for the study of Macroeconomics. Macroeconomics nodds and their forecasts are used by both governments and large corporations to assist in the development and evaluation of economic policy and business strategy.”(from--www.boundless.com, Macroeconomics and Microeconomics). These factors affect supply and demand on the equilibrium price and quantity on the economy as a whole. These factors play a major role on the entire population, economic performance and the national economy. On the other hand ,