What is element of micro economy in entrepreneurship development?
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Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics..
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- Microeconomics is a branch of economics that studies the behaviour of ... However, an alternative way to develop microeconomic theory is by taking consumer choice as the primitive
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