Economicsandwe [ Must Watch ]

Decisions are made by us as individuals and private businesses.

How our willingness to buy (demand) and a business's ability to sell (supply) determine the price of everything from coffee to iPhones. economicsandwe

Since we can’t have everything, every choice has a cost—the value of the "next best thing" you gave up. Decisions are made by us as individuals and

Different societies answer the basic questions— What to produce? How? For whom? —in different ways: economicsandwe

We usually decide based on the "next" unit. (e.g., "Is the extra hour of sleep worth the extra stress of being late?"). 2. Macroeconomics (The Big Picture)

Focuses on how we perform collectively as a nation or the world. The total value of everything we produce.