Question

what do you mean by micro economics
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Answer 1

Hello Mate,

Micro Economics is a place where we study about the Income, expenses etc of an individual person, firm...

Hope this helps you

Answer 2

Answer:

Microeconomics is the social science that studies the implications of human action, specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals make more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another. Generally speaking, microeconomics is considered a more complete, advanced, and settled science than macroeconomics.

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