the scope of microeconomics is unlimited state with reason whether u agree or disagree
Answers
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3
Explanation:
disagree because it is so big
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7
I agree, that the scope of micro economics is unlimited.
Microeconomics is study of individual's behavior and their unlimited wants in the economy. The economy is involved with production of goods and services. The goods and services are produced for the welfare of the people and for satisfying their needs
Explanation:
- Microeconomics is involved with study of wants of the people and with the limited resources of the economy. It is involves the the choices made by the people within the society for using the resources. The economy is involved with the production of goods and services for satisfying the wants of the people with the goods and services in the economy.
- Microeconomics is the study of wants that are unlimited, and the availability of alternative choices for the people that they can make use of for satisfying their wants. Microeconomics is involved with the basic questions of the kind of things to be produced in the economy and the manner in which they would be used
- The scope of micro economics deals with the basic question of what can be produced in the economy that will cater to the needs of the people. It relates with the efficiency of the economy and its ability to solve the problems and also for improving the welfare of the people in the economy.
To know more about scope of microeconomics
What is microeconomics and macroeconmics
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