English, asked by xLUCIFERx, 1 year ago

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Explain the features of microeconomics? ​

Answers

Answered by Thesophia
3

Heya......

your answer is.....

Micro economics deals with the study of economics from the view point of an individual unit. When economic problems are studied considering small economic units like an individual consumer, or an individual producer, we are referring to micro economics.

The term complimentary means the things which run simultaneously, meaning thereby that without one the other can not be worked out. The microeconomics and macroeconomics are just like the two sides of a coin whereas microeconomics has its foundation on macroeconomics and vice versa. One can not analyse the individual behavior without assuming to aggregate and like wise aggregate can not be effective unless individual variables are are kept in under consideration.

hope it helps you:)

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Answered by KINGofDEVIL
20

ANSWER

▶️ Microeconomics : It is the study of economic behavior of individual when the time of making economic decisions comes.

▶️ Factor pricing theory is one of the very important part of microeconomics.

▶️ Consumers choice is one of the common example of microeconomics.

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