Mirco Economics

Essay specific features

 

Issue:

Business

 

Written by:

Thomas C

 

Date added:

November 6, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1490

 

Was viewed:

2754 times

 

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Essay content:

Normative issues can be debated but they can never be settled by science or by an appeal to facts. For example, The South African cricket team (the proteas) should win the cricket world cup and bring the trophy home. A statement which includes words such as, ‘should, ‘ought’ and ‘must’ are all normative statements...
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But not all normative statements contain these words. 1.2 Micro economics In micro economics the focus is on individual parts of the economy. In micro economics the decisions made by individual consumers, households, firms or other organizations and are considered in isolation from the rest of the economy...
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