Micro in the World

In microeconomics there are three markets that play a big role in today’s society. They are the product market, labor market and financial markets. In the past few years, the internet and new information technologies have produced major changes in these markets. Many changes in computer products have changed the way people communicate and work in our busy world today. These product changes include different types of computers such as Macintosh or PC computers. For example, Windows XP and Mac OS X are new OS that have all the best features that cater to the user. In addition, internet services, like American On-Line (AOL), have improved their product to satisfy the demands of today’s high tech society.
It was about a decade and a half ago in 1985 when the first version of the Windows OS hit the stores. At the same time AOL, entered the market as an internet provider. As the years passed, both Windows OS and AOL have greatly improved product functionality and operation for today’s...