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Showing posts from May, 2020

Top Smart Home Devices for Tech-Savvy Homeowners & Busy Parents

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In today's fast-paced world, tech-savvy homeowners and busy parents are constantly seeking ways to simplify their lives. Enter smart home devices—a solution that not only enhances convenience but alo elevates your home automation experience. Here are some top Amazon products that can transform your daily routine. Amazon Echo Dot The Amazon Echo Dot serves as the perfect hub for your smart home. With Alexa at your command, you can control compatible devices, set reminders, and even play your favorite music—all hands-free! It's a must-have for busy parents juggling multiple tasks. Check it out here . Philips Hue Smart Bulbs IFITech IFIMSL-7W Motion Sensor B22 LED Bulb | Motion Sensor LED Bulb for Home and Office - Warm White (Pack of 4) [2024 Model] Illuminate your home with Philips Hue Smart Bulbs. These energy-efficient bulbs allow you to customize lighting through your smartphone or voice commands. Whether it's creating a cozy atmosphere for family movie night or brighte...
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Difference between microeconomics and macroeconomics

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Microeconomics is the study of particular markets, and segments of the economy. It looks at issues such as consumer behaviour, individual labour markets, and the theory of firms. Macro economics is the study of the whole economy. It looks at ‘aggregate’ variables, such as aggregate demand, national output and inflation. Micro economics involves Supply and demand in individual markets. Individual consumer behaviour. e.g.  Consumer choice theory Individual labour markets – e.g. demand for labour,  wage determination. Externalities arising from production and consumption. e.g. Externalities Macro economics involves Monetary / fiscal policy. e.g. what effect does interest rates have on the whole economy? Reasons for inflation and unemployment. Economic growth International trade and globalisation Reasons for differences in living standards and economic growth between countries. Government borrowing Moving from micro to macro If we look at a simple ...
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WHAT IS ECONOMICS

Definition of Economics As the science of decision-making, economic philosophy operates in our daily lives whether we realize it or not. When we are evaluating the interest rates on our credit cards or trying to decide whether to buy or lease a new car or go out to dinner or on vacation, these are all decisions we make using economic thinking. We live in a world of limited resources, and economics helps us decide how to use these limited inputs to satisfy our never-ending list of wants and needs. Economics is also a large field with a rich history that's been explored and examined by hundreds of influential people, ranging from philosophers to politicians. Also Read: Difference between micro economics and macro economics   In its most simple and concise definition,  economics  is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. Economics focuses he...
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