Examlex
Macroeconomics explains the behavior of individual households and business firms; microeconomics is concerned with the behavior of aggregates or the economy as a whole.
Primary Demand
The overall demand for a product category or market as a whole, rather than for a specific brand.
Demand Curve
A graphical representation showing the relationship between the price of a product and the quantity of the product demanded at those prices.
Price Per Unit
The cost assigned to a single unit of a product or service, used to set selling prices and evaluate production efficiency.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price within a given time period.
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