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