What is Macroeconomics?

Macroeconomics is the study of the global and overall economy in the world, focusing on factors like national income, unemployment, inflation, and economic growth. It analyzes how government policies and economic events impact the entire economy, aiming to understand and manage key indicators for stable and prosperous societies.

What is Microeconomics?

Microeconomics is a type of economy in which there are small businesses involved. Basically talking, small businesses and family businesses decide all the aspects and things that happen in their company. Microeconomics also deals with prices and production in single markets and the interaction between other markets, usually big ones.

Tips on how to manage your money with logic

Save and Invest: save a portion of money you are given, or that you earned; Invest money into stocks or real estate, something that on the long-term run will be profitable.

Set financial goals: To set goals the individual has to first analyze their financial situation; after that they have to determine if their goals are going to be long-term or short-term. And finally they have to write how are they going to achieve that goal.

Learn about credit: Educate yourself about credit score and how to maintain or improve it. An individual can also learn how to monitor their credit reports for accuracy.

Review: Regularly review your budget and decisions that you make. Make adjustments depending on the expenses and things you buy.