Marshall is viewed as the founder of the neoclassical school of thought in economics and was the first to introduce many now-standard principles of the field. Neoclassical economists were interested in how agents, consumers, and producers maximize the function of scarce resources in a given market.

Price: $0.00

Microeconomics is a branch of economics that studies how individuals and businesses make decisions about allocating resources. It focuses on how people, families, and businesses make choices when faced with constraints or scarce resources. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which in turn determine prices. It also explores how competitive different industries are and how that affects consumers. Microeconomics is different from macroeconomics, which studies the economy as a whole, including growth, inflation, and unemployment.

Price: $0.00