mikrotalous
Mikrotalous is a Finnish term that translates to "microeconomics" in English. It refers to the branch of economics that studies the behavior of individual economic agents, such as households, firms, and consumers, and how their decisions interact in markets. Mikrotalous examines how these agents allocate scarce resources, make consumption and production choices, and respond to prices and incentives.
Key areas of study within mikrotalous include supply and demand, market structures (like perfect competition, monopoly,
The insights from mikrotalous are fundamental to understanding broader economic phenomena. It provides the building blocks