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What is microeconomic ?

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What is microeconomic ?

Posted by Anushka Rai 7 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Mahesh Kumawat 7 years, 8 months ago

Definition: Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues. Description: Microeconomic study deals with what choices people make, what factors influence their choices and how their decisions affect the goods markets by affecting the price, the supply and demand.

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