
Game theory is an important branch of economics that focuses on standardizing psychological factors. Using theoretical models and observed data, it guides the analysis along a set path to predict how events might unfold. Before exploring the strategic interactions between labor and capital, it is essential to understand both macro & micro-economic conditions and situations. Historically, macroeconomics and microeconomics have developed separately, with limited coherence and connection. However, in real-world applications, these fields often interact, as seen in pricing mechanisms (micro) and currency management (macro). Both areas draw on theories from micro and macroeconomics and involve studies related to the labor force. In this research paper, we aim to introduce a new idea about how labor and bosses interact during fluctuations in macroeconomic conditions. We also want to present a new perspective on the relationship between labor and bosses. This research paper seeks to bridge-the-gap between macroeconomic and microeconomic theories.
psychological factors, strategic interactions, labor and capital, macroeconomic and microeconomic theories.
psychological factors, strategic interactions, labor and capital, macroeconomic and microeconomic theories.
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