Question

2) Aspect considered in Micro Economics. 1.Micro Economics means small m 2. Micro Economics means large 3. It covers the study of entire economy 4. It includes National Income​

Answer 1

Explanation:

Microeconomics is the social science that studies the implications of incentives and decisions, specifically about how those affect the utilization and distribution of resources. Microeconomics shows how and why different goods have different values, how individuals and businesses conduct and benefit from efficient production and exchange, and how individuals best coordinate and cooperate with one another. Generally speaking, microeconomics provides a more complete and detailed understanding than macroeconomics.