Hey....Meaning of micro economic
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A basic definition of microeconomic is the study of how an individual, whether it is a single person or business,. decides how to allocate resources, and the interaction that occurs between those individuals or businesses. .
Some examples of microeconomics include supply, demand, competition, and the prices of items.
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Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.
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