Question

micro economic deal with study of _______economic entity​

Answer 1

Answer:

Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources.

Explanation:

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Answer 2

Microeconomics deals with individual households, decision-making, and allocation of resources.

Explanation:

• The decision-making includes deciding about the price and production at which they trade goods and services in the market and also the interaction between the different markets.
• The allocation of resources is assigning the available resources to a variety of uses. It can be allocated in means of planning and by markets.
• Individual households contain many needs and basic requirements to be satisfied, which comes under the analysis of economics.