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Articulate how macro- and microeconomics come into play in the context of firm decision-making in a global business

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Macroeconomics is the economics sub-field of study that considers aggregate behavior. This is in contrast to microeconomics which is the study of the economic behaviour of individual consumers, firms, and industries.

Utility in decision making

Macroeconomics can be used to determine trend of the economy which will help in determining demand. Thus, Macroeconomists try to forecast economic conditions to help ...

Solution Summary

Three paragraphs and two references.