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Define introductory terminology for microeconomics and macroeconomics. Describe the introductory terminology for microeconomics and macroeconomics. Describe the process of wealth/value creation by firms through the

  1. Define introductory terminology for microeconomics and macroeconomics.
  2. Describe the introductory terminology for microeconomics and macroeconomics.
  3. Describe the process of wealth/value creation by firms through the managerial process from microeconomic and macroeconomic perspectives.

i need a detailed explanation for the above questions.

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