Competitive Colleges vs. Less Competitive Colleges. If you are not applying to extremely competitive colleges, a higher test score can probably do more to offset a weaker GPA. However, scoring well on tests doesnât mean you can completely forget about academics; your grades still need to be within or close to the average range for admitted students.
Principles of Microeconomics. Microeconomics is a branch of economics that studies of the behavior of households and firms, as well the supply and demand relationships between producers and consumers. The basic principles of microeconomics are The Nature and Functions of Product Markets, Factor Markets, and Market Failure and the Role of Government.
In economics, macroeconomics encompasses societal perspective on resource allocation. Microeconomics involves factors of resources availability and usage that impact individuals and businesses. As a company operator, understanding the core microeconomic factors affecting your business helps in planning and preparation, as well as long-term business strategy development. Six microeconomic business factors that affect almost any business are customers, employees, competitors, media, shareholders and suppliers.