MICROECONOMICS
NEEDS
physical items which cover needs or wants
Essential goods and services required for human survival
WANT
HOUSEHOLD
A house and its occupants regarded as a unit
The branch of economics concerned with large-scale or general economic factors , such as interest rates and national productiviry.
OPPORTUNITY COST
GOODS
Goods and services that are not necessary for survival
MACROECONOMICS
SERVICE
The monetary value of the option that I rejected when I have to choose betwen two ooptions
Non-physical items which cover needs or wants
The part of the economics concerned with single factor and the effects of individual decisions