explain the meaning of microeconomics in not more than 40 words to 60 words
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=>Sorry for previous answer I have not read it properly.
==>Microeconomics is that part of economic theory which deals with the behaviour of individual units of an economy such as a household, a firm, etc.
It is the analysis of economy’s constituent elements—households, firms and industries. Micro is a Greek word meaning ‘small’. Thus, microeconomics means economics of small.
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=>Sorry for previous answer I have not read it properly.
==>Microeconomics is that part of economic theory which deals with the behaviour of individual units of an economy such as a household, a firm, etc.
It is the analysis of economy’s constituent elements—households, firms and industries. Micro is a Greek word meaning ‘small’. Thus, microeconomics means economics of small.
Hope you'll like it.
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