Mention three decision making units in the economy with the decisions each can make in the economy?

1. Households: Households can make decisions on how to allocate their income among different goods and services, how much to save or spend, and whether to invest in education or other forms of human capital.

2. Firms: Firms can make decisions on what goods and services to produce, how much to produce, what prices to set, how much to invest in new technology or equipment, and how many workers to hire.

3. Government: The government can make decisions on how much to tax and spend, how to regulate businesses and industries, how to provide public goods and services, and how to manage the overall economy through monetary and fiscal policy.

1. Households:
- Consumption decisions (spending on goods and services)
- Saving decisions (putting money aside for future use)
- Labor decisions (working or not working)

2. Firms:
- Production decisions (how much to produce)
- Investment decisions (purchasing new equipment or capital)
- Pricing decisions (setting prices for their products)

3. Government:
- Fiscal policy decisions (adjusting taxes and spending to stabilize the economy)
- Monetary policy decisions (adjusting interest rates and money supply to influence inflation and economic growth)
- Regulatory decisions (imposing rules and regulations on businesses and individuals)