Micro Economics studies individual economic unit, give the reason.
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Micro means small . Microeconomics Deals with Economic issue related to small economic unit .An individual consumer and individual producer and individual firm, an individual industry and individual market .
Micro means small . Microeconomics Deals with Economic issue related to small economic unit .An individual consumer and individual producer and individual firm, an individual industry and individual market .
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Answer:
Micro -economic is an individual unit since it involves the internal and individual factors whihc affects the economic growth of an individial over the economic factors .
Explanation:
Reasons
- It involves the internal factors which are normally in control within the economic set up of a country, region or a people.
- The personal life , skills and experience of an individual.
- The time limit of an individual in the factor concerning the economic growth.
- The individual motives which are internally motivated can equally leads to the positive encounter in the life of the individual to do a thing with the internal force.
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