Micro Economics deals with allocation of resources. (State whether the statement is TRUE or FALSE)
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yes, it is true.....
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Answer:
True
Explanation:
Micro Economics deals with allocation of resources. - True
Microeconomics is the study of the behaviour of people, families and the companies in decision-making and resource allocation. It refers usually to products and services markets and addresses individual and economic problems
Microeconomics describes the optimal resource allocation. It explains how resources are distributed among competing communities in a way that guarantees their effective use; that is, there is minimal waste of resources. In other words, it describes how to distribute these scarce funds in order to make full use of them.
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