define micro economics
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Study of the economic behavior ofindividual units of an economy (such as aperson, household, firm, or industry) and not of the aggregate economy (which is thedomain of macroeconomics). Microeconomics is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on the individual decisionmakers, how their choices are coordinated by markets, and how prices and demandare determined in individual markets. The main subjects covered under microeconomics include theory of demand,theory of the firm, and demand for laborand other factors of production...
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Study of the economic behavior ofindividual units of an economy (such as aperson, household, firm, or industry) and not of the aggregate economy (which is thedomain of macroeconomics). Microeconomics is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on the individual decisionmakers, how their choices are coordinated by markets, and how prices and demandare determined in individual markets. The main subjects covered under microeconomics include theory of demand,theory of the firm, and demand for laborand other factors of production...
hope it helps you
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Answer:
the part of economics concerned with single factors and the effects of individual decisions.
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