väikemajandusega

Väikemajandus refers to the Estonian term for microeconomics. It is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources. This field focuses on how these individual agents make choices, how these choices interact in markets, and how these interactions affect prices and quantities of goods and services.

Key concepts within väikemajandus include supply and demand, price elasticity, market structures such as perfect competition, monopoly, and oligopoly, and consumer and producer surplus. It analyzes how consumers make decisions to maximize their utility given their budget constraints, and how firms decide on production levels and pricing to maximize profits. The study of väikemajandus is fundamental to understanding how markets function and how economic policies can influence individual economic behavior and market outcomes. It provides the foundation for understanding more complex economic phenomena studied in makroökonoomia, or macroeconomics.