Question

Micro economic nature

Answer 1

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.Nature of Microeconomics.
Microeconomics represents the study of how members in a society use available resources to make choices in the marketplace. Those choices refer to purchases of goods and services from business providers. As a business, part of your role is to provide and promote products that are demanded by a target market group within the population. In essence, you want to influence the choices of consumers who have limited budgets to spend on various products and services.
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