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This is a compact summary of the book Principles of Economics edition 2023 by Ammous ISBN 9798987975503. All important chapters and key concepts are being discussed. After reading this document you will be prepared for the exam optimally. Language English.
Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.
Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the stu...
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