Define and explain Micro Economics
Answers
Answered by
0
micro organism is a study about individual units but in macro economics it's study of economy whole
Answered by
0
Answer :
As per the question
Micro Economics :
The term micro has been derived from Greek word '' Micros '',which means small
Microeconomics is the study of the economy at the level of the individual
It also analyze the behavior of individual households, Industry, markets, labor unions or trade associations
According to Gardner Ackely - Price and value theory of households, the firm and industry, most of the production and welfare theories are of microeconomics variety.
Similar questions