Economy, asked by Anonymous, 1 month ago

Define microeconomics, class 11

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Answered by SrihithaKitty

2

Answer:

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services. For example, microeconomics examines how a company could maximize its production and capacity so that it could lower prices and better compete. ...

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