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What is Micro Economic ?

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What is Micro Economic ?

Posted by Nidhi Rawat 7 years, 9 months ago

CBSE > Class 11 > Economics

2 answers

Vishwajeet Jha 7 years, 9 months ago

Micro economic is the branch of economic in which we talk about a individual consumer and a individual producer. Individual consumer try to maximize his satisfaction and individual producer try to maximize his profit that is called micro economic.

Mriganka Bora 7 years, 9 months ago

The term micro is derived from the Greek word "mikros" which means small.Micro-economics is that part of economic theory which deals with individual unit of economy. For eg:a sugar industry, a farm, a household, etc.

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