defines micro economic development.
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MICRO-ECONOMIC DEVELOPMENT: For any country’s economic development, micro-enterprises play a crucial role. They help the business and economy grow and are a step towards sustainable development. They help the economy by creating job opportunities and lowering production costs and increasing purchasing power.
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Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
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