what is known as the study of individual unit
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Microeconomics studies the behaviour of individual economic unit. ... The term Micro Economics is derived from the Greek work “Mikros” which means “Small”. Micro economics gives a detailed analysis of one part of the economy or society.
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Microeconomics studies the behaviour of individual economic unit.
Explanation:
Individual economic unit refers to one unit which participate in production mechanism for example, a producer, a consumer, a firm,etc. Microeconomics deals with the study of individual economic units
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