Question

what is economy and micro economy

Answer 1

Answer:

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Microeconomics (from Greek prefix mikro- meaning "small" + economics) is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Answer 2

Economics is the branch of knowledge dealing with consumption, production and transfer of wealth.

Micro economics is the part of economics concerned with every single factor and the decision of every individual