Okoth Douglas

Okoth Douglas

What is perfect competition????

Perfect competition Pure competition is a market structure characterized by a large number of buyers and sellers of a homogenous products Each buyer and seller have no influence over the market price and output Information is available freely to all…

Goals of macroeconomics policy

Definition of Macroeconomics Macroeconomics is the study of the structure and performance of national economies and policies that governments use to try to affect economic performance. Macroeconomics encompasses the examination of aggregate variables in an economy such as total consumption…