Please enable JavaScript.

Coggle requires JavaScript to display documents.

Microeconomics - Coggle Diagram

- - - - their preferences
      - maximize their well-being
      - trading off the purchase of more of some goods with the purchase of less of others
  - - - working now/ earn an immediate income
      - continued education and hope of earning higher future income
    - - large corporations: security but limits advancement
      - small companies: advancement but less security
- - - - by the government
    - - the interaction of consumers, workers, firms
    - - competition among firms
      - the demands of consumers