Macroeconomic

Macroeconomic chapter 1:Introduction to Macroeconomics

by LER SHU MIN
Tags: Macro

Economic resources

-Used to produce goods and services to satisfy human wants

-Limited in supply

-Scarce, their quantities are insufficient to satisfy all human wants

Scarcity

-The resources are insufficient to fulfill or satisfy all human needs.

- Human always need more than their basic needs

-Create economic problems in human society

Circular flow

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explain what is macroeconomic

REFLECTION Macroeconomic 1

In the begining, I was 'scared' with this subject. It is because i did not  any basic about economic. When lecturer was teaching, i cannot understand what lecturer are talking about. When i was study my STPM, i study for subject BM, SV, PP and PA.

 

I decide to borrow STPM book to study back all the basic of economic. Fortunately, i had some friend willing to explain and teach me about this subject. I believe that 'Perseverance leads to success'.

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circular flow 2

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