charmaine7

@charmaine7 (3)

Age 30

Joined myLot 12 years ago

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charmaine7's Activity

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

charmaine7 For me I prefer economic development than economic growth. Economic development refers to the sustained,concerted actions of policymaker and communities that promote standard of living and economic health of a specific area.It also referred to as the...

30 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

charmaine7 For me venturing macroeconomics is possible without studying first microeconomics because we know that macroeconomics is the study of national economy as a whole and provide basic knowledge of how things work in the business world. While the microeconomics...

19 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

charmaine7 For me venturing macroeconomics is possible without studying first microeconomics because we know that macroeconomics is the study of national economy as a whole and provide basic knowledge of how things work in the business world. While the microeconomics...

19 Sep 12