what is micro economic
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Microeconomics (from Greek prefix mikro- meaning "small" + economics) is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
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Microeconomics can be defined as a branch of economics that deals with the study of how an economy or individual decides about the allocation of new resources.
Microeconomics is very helpful in international trade. It shows how people and businesses function in a particular situation.
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