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<p align="justify">1- Micro Economics<br />
2- Macro Economics.</p>
<p align="justify">Adam Smith is known to be the founder of micro-economics that regards the behavior of organizations, households, firms etc. Macro-Economics regards the overall performance of the economy of the country, as to the GDP (Gross Domestic Product), GNP and the lot. We will discuss such terms further on.</p>
<p align="justify">Earlier I wrote something regarding inputs and outputs; Inputs are basically the commodities that are used to produce or make goods or services. Outputs are the result of the production of those inputs. For example: to make an egg we need a teaspoon full oil, an egg and a frying pan and some salt to give it the finishing touch, now these are the inputs that are used to produce an output e.g. An omelet or, a half or full fried egg (since we are discussing a basic concept so I intended to give out an easy-to-understand example, please don’t get me wrong).
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