MICROECONOMICS

Concepts of Microeconomics

Concepts of Microeconomics

One of the tenets of economics is “There is no such thing as a free lunch.” The inherent concept is you cannot get “something for nothing”.(Keyes, 2006). I work for a dry cleaning business and I think the objective of this company is to provide consumers with the goal of the company must be able to expand their stores and be number one in the dry cleaning business in the city and its surrounding towns nearby. (Smith, 2006).

Problems that may arise and have a negative impact on society is the economy, such as gas prices and ...