Economy, asked by jatt154, 1 year ago

ch 1 micro economics

Answers

Answered by TR0YE
6
⛦Hᴇʀᴇ Is Yoᴜʀ Aɴsᴡᴇʀ⚑
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Microeconomics➙ The study of individuals, households & firms' behavior in decision making & allocation of resources.

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❖ It generally applies to markets of goods & services & deals with individual & economic issues.

❖ It means "Small + Economics".

❖ It is primarily concerned with the factors that affect individual economic.

❖ It is study of economics in terms of individual areas of activity.

❖ It focuses on the behaviour of individual agents.

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