Question

what do you mea by micro static and micro dynamic

Answer 1

Answer:

Micro statics. Micro statics is the study of the static relationship between different variables.In fact,static situation refers to the situation of equilibrium. When the value of economic variable is related to the same point of time,the functional relationship between variable is said to be statics.

micro dynamics refers to that situation of equilibrium in which an equilibrium of different variables goes through disequilibrium and new equilibrium establishes. Hence micro dynamics is the study of the process which shows how the initial equilibrium breaks and new equilibrium attains.

Explanation:

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Answer 2

Answer:

Therefore micro dynamics refers to that situation of equilibrium in which an equilibrium of different variables goes through disequilibrium and new equilibrium establishes. Hence micro dynamics is the study of the process which shows how the initial equilibrium breaks and new equilibrium attains.