1. What is microeconomics? The concept of migration?

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Microeconomics of migration

Urgench RANCH University of Technology


Subject: Microeconomics of migration

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Microeconomics of migration
1. What is microeconomics?
2. The concept of migration?
3. Sections and problems of labor economics
4. International migration processes and problems

What is microeconomics?
Microeconomics (Greek: mikrós - small) is a branch of economic theory that studies the economic relations between individual economic entities, their activities and their impact on the national economy; The main objects of study of microeconomics are households and relatively small enterprises.
In world statistics, households are considered to be shared households run by groups of people living together. Typically, such a household is a family, that is, a small group based on male or female marriage or consanguinity. Household responsibilities include: 1) income from the sale of factors of production (for example, labor) and property (rent from housing and land, interest on bank deposits, share income); 2) housekeeping (work in subsidiary agriculture, purchase of consumer goods and services, home cooking, use of material and spiritual goods); 3) upbringing of children; 4) "foreign" economic relations (payment of taxes to the state, transfer payments, economic relations with foreign countries, including remittances, parcels). Another source of microeconomics is the business entities that produce and sell goods and services. Such organizations may be owned by individuals or legal entities (firms).
Businesses include consumers, employees, investors, landowners, firms, and, in general, any entrepreneur who plays an important role in the functioning of the economy. How and why economic decisions are made in the lower echelons of microeconomics, such as how consumers make purchasing decisions and how changes in prices and incomes affect their choices; how firms plan the number of jobs; explains how employees decide where and how much to work.
An important aspect of microeconomics is the interaction of economic entities in the process of emergence of larger structures in the economy - markets. Microeconomics helps to understand the historical development of certain industries and the logic of the formation of the national economy. It explains how prices are set for certain goods, how much money is allocated and invested in the development of a particular industry and production in the construction of new plants, and how much goods are produced each year.
Microeconomics is the study of the activities of individual producers and consumers, reveals how industries and markets operate and develop, and how government policies affect the economic conditions in countries.

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