micro economics is the study of ______ units
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Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.
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Study of macroeconomics involves the study of the economy as a whole considering all large factors whereas Microeconomics is a study of an individual economic unit. It is a narrower concept including only individual factors of any firm, company..
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