three vital components of micro
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Heya....
Components of Microeconomics are...
* Theory of demand....
It analysis how a consumer allocates his income to different resources for the maximum satisfaction...
* Theory of supply...
It analysis how a producer decide what to produce and how much for maximum profit....
* Theory of price....
It studies how the price determined in market forces...
Components of Microeconomics are...
* Theory of demand....
It analysis how a consumer allocates his income to different resources for the maximum satisfaction...
* Theory of supply...
It analysis how a producer decide what to produce and how much for maximum profit....
* Theory of price....
It studies how the price determined in market forces...
Answered by
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Three main components of microeconomical are as follows :
1. Theory of demand.
It includes allocation of resource demand for satisfaction.
2. Theory of supply.
It is taking decision for Max. profit.
3. Thirty or Price.
It studies how the price determined in market forces.
1. Theory of demand.
It includes allocation of resource demand for satisfaction.
2. Theory of supply.
It is taking decision for Max. profit.
3. Thirty or Price.
It studies how the price determined in market forces.
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