Reviewed by Charles PottersFact checked by Michael LoganReviewed by Charles PottersFact checked by Michael Logan Economics is divided into two categories: microeconomics and macroeconomics.

This puts the task of increasing output on the shoulders of the government. According to Keynesian economics, state intervention is necessary to moderate the booms and busts in economic activity, ...

Microeconomics is the subfield of economics that studies how economic decisions are made on the level of individual people or firms, as well as phenomena affecting those decisions. What Is the ...