Micro Economics is studying in particular firms, wages, industry e.t.c. * 1 point Adam Smith Lionel Robbins K.E Boulding Alfred Marshall
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microecnomics adam smith
Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
study of microecnomics
Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services. ... Microeconomics focuses on supply and demand and other forces that determine price levels in the economy.
lionel robbins ecnomics
In his landmark essay on the nature of
economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses” (Robbins, 1935, p. 16).
ke boulding ecnomics
According to KE Boulding, “Macro-economics is that part of economics which studies the overall averages and aggregates of the system”. Lipsey and Chrystal state, "Macro economics is the study of how the economy behaves in broad outline without dwelling on much of its interesting but sometimes conferring detail".
alfred marshall ecnomics
Economics is the study of mankind in the ordinary business of life. - Alfred Marshall. Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.