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Students studying macroeconomics should be aware that the study of the economy at the national and global level is different than microeconomics. This branch focuses on individual markets and aggregate adjustments within an economic system. In addition, students will learn about the basics of supply and demand theory, which explains how output and price coordinate in a market with perfect competition. Despite this fact, people don't frequently trade on markets. They work in firms. Common firms include corporations, partnerships, and trusts.

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