Micro Economics is a study of ________. (Whole economy / general price level / National Output / Individual economic unit). Fill in the blank with appropriate alternative given in the bracket.
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individual economic unit
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Answer:
Individual economic unit
Explanation:
Micro Economics is a study of Individual economic unit.
Microeconomics is the study of the behaviour of people, families and companies in decision-making and resource allocation. It usually refers to goods and services markets and addresses individual and economic problems. Thus, it is the study of as to how the individuals or various individual businesses allocate the resources.
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