Microeconomics

Description

Mind Map on Microeconomics, created by Hernan Vargas on 15/02/2020.
Hernan Vargas
Mind Map by Hernan Vargas, updated more than 1 year ago More Less
Viviana Mora
Created by Viviana Mora over 4 years ago
Hernan Vargas
Copied by Hernan Vargas over 4 years ago
Viviana Mora
Copied by Viviana Mora over 4 years ago
Hernan Vargas
Copied by Hernan Vargas over 4 years ago
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Resource summary

Microeconomics
  1. what is microeconomics?
    1. Economy
      1. economics is the social science that is dedicated to studting how individuals manage the scare resources to meet their needs
        1. Fundamental economic problems
          1. what and when to produce ?
            1. How to produce?
              1. for whom to produce?
            2. goods
              1. The goods are tangible items used to meet the needs
                1. Needs
                  1. The needs are expression of what an individual requires indispensable for his subsistence and development
                    1. Fundamental problems
                      1. What and how much to produce?
                        1. Logical options that meet social needs
                        2. How to produce?
                          1. Productive efficiency
                          2. For whom to produce?
                            1. Equity
                              1. Distributive efficiency in search of well-being
                              2. Productive factors
                                1. Ground
                                    1. Natural resources
                                  1. Capital
                                    1. Human creation used for the production of goods and services
                                    2. Job
                                        1. Human effort
                                  2. Branch of:
                                  3. Macroeconomy
                                    1. Microeconomics
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