The Components of the Economy

Vinzenz von Holle ()

Chapter Chapter 10 in New Economic Theory, 2024, pp 159-168 from Springer

Abstract: Abstract Microeconomics explains the basis and laws of preference formation (decisions) in individuals. The formed preferences are the basis of the economic actions taken. Microeconomics explains how and why certain preferences arise and what economic actions they then trigger. The actions of individuals have direct and indirect consequences. Through repetition of decisions and actions, behaviors and patterns of action are formed. This is also how economic processes arise, such as production, supply, demand, consumption, market, or stock exchange.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-45136-3_10

Ordering information: This item can be ordered from
http://www.springer.com/9783658451363

DOI: 10.1007/978-3-658-45136-3_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().