(Answered) Difference between microeconomics and macroeconomis

Economics

1. What is the difference between microeconomics and macroeconomis? Between positive economics and normative economics?

2. Given the philippines is considered to be rich in natural resources and has abundance of goods and services. Could there be scarcity in land of abundance? Justify.

3. What are the four fundamental productive resources and what form of compensation does each receive for its contribution to production?

4. Why do economic problems arise?

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Macroeconomics, Economics

Category:- Macroeconomics
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