Friday, February 13, 2009

Definitions of Micro and Macro Economics In The Divine Economy Theory

One definition of macroeconomics that then emerges from the divine economy theory is as follows: it is a study of those factors and conditions that lead to the long run advancement of the standard of living for everyone on the planet.

One definition of microeconomics that then emerges from the divine economy theory is as follows: it is a study of how individuals discover and react to information in the market as part of their division of labor to produce and then to earn income, so as to meet their personal desires for goods and services.

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