Question

defines advantages of micro economic? ​

Answer 1

Explanation:

Microeconomic benefits refer to improvements in the productivity of individual firms due to investments in transportation infrastructure. Depending on market structure, the benefits may accrue to firms themselves as increased profit, be passed along to consumers as lower prices, or some combination of the two.

Answer 2

Answer:

Understand the working of the economy.

Efficient allocation of resources.

Useful in business decision-making.

Study of human behavior.

Examine conditions of economic welfare.

Formulation of public policies.

Solution of contemporary microeconomic problems.