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    Utility in decision making

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    Articulate how macro- and microeconomics come into play in the context of company 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 global economic conditions to help consumers, firms and governments make better decisions. It helps consumers want to know how ...

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    Utility in decision making is assessed.