Economy, asked by abjrafi, 2 months ago

Importance and limitations of microeconomics

Answers

Answered by Anonymous

Economics as a whole: Micro economics is only a part of study of economy. It doesn't help much in understanding any economic system as a whole.Static assumption of “Ceteris Peribus”: The static assumption of ceteris peribus in micro economics is unrealistic in real market.

Previous Question

Next Question

Similar questions

Accountancy, 1 month ago

7 What is an advantage to using a multi-step income statement? Net Income is shown before income taxes Direct expenses and indirect expenses are broken out separately The fixed costs and variable costs are broken out separately All income items are grouped in one section, and all expenses in...

English, 1 month ago

the ______ (out) surface of the bag was wet .

Math, 1 month ago

answer the upper question...

English, 2 months ago

who is a CM of sikim...

Math, 2 months ago