The Theory Of Macroeconomics And Microeconomics

1634 Words Mar 8th, 2016 7 Pages
Is planned obsolescence a “natural” phenomenon or simply an ambiguous method of supporting the economy? It is both. Why? How? To clearly elucidate this intriguing topic-to some- this presentation will be divided into six sections-the foundation of our economy, the basis of planned obsolescence, the system in all our products are manufactures and marketed, how this technique is “pulled-off” (in an epithetical fashion) by corporations and how primordial edicts of macroeconomics and microeconomics should be conformed to. Firstly, what is economics? In the words of highly-acclaimed American economists, Steven D. Levitt & Stephen J. Dubner-“Economics is, at root, the study of incentives, how people get what they want or need, especially when other people want of need the same thing”. Macroeconomics is a division of economics subsidizing on the structure and abnascentia of economics, the behavior of consumers and the scrutiny of interactions (decisions) between corporations and individual clients as a part of a greater economy; as a whole. Microeconomics –as its Greek prefix, mikro meaning small- is the opposite of macroeconomics entirely; it is founded on the study of the behavior of individuals and small organizations in a systematic view of a collapsed economy with limited resources (input and output in a circular manner). To get a cosmopolitan view on our economy this speech will be greatly led on the “laws” of macroeconomics. Economy is the state of a country or region in…
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