Examlex
How can different levels of analysis lead to different explanations of the impact of globalization on global politics?
Microeconomics
The branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
Individual Households
Single units comprising one or more persons within an economy that make decisions about consumption, saving, and labor supply.
Inflation
The speed at which the overall price level for products and services increases, diminishing the buying power.
Unemployment
The situation where individuals who are capable of working and willing to work do not find employment.
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