The General Equilibrium Theory is used to analyze economic trends by considering all markets in an economy and the interdependencies between them. It assumes that all markets are perfectly competitive and that the prices of goods and services adjust to achieve equilibrium across all markets. This allows for the prediction of economic trends by analyzing how changes in one market will affect others. However, it's important to note that this theory is a simplification of real-world economies and may not always accurately predict economic trends.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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