Microeconomics defination
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Posted by Almeena Sheikh 6 years, 1 month ago
- 2 answers
Yogita Ingle 6 years, 1 month ago
Microeconomics is the study of the economic behavior of individuals, households and firms’ in decision making and allocation of resources.
Microeconomics is concerned with:
- Supply and demand in individual (Textile Market) markets
- Individual consumer behaviour. e.g. Consumer choice theory
- Individual producer behavior.
- Individual labour markets, g. demand for labour wage determination in that individual market
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Bera Koni 6 years, 1 month ago
0Thank You