What is Micro economices?
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Microeconomics is a branch of economics that studies the behaviour of individual units such as households, individuals and enterprises within the economy. Microeconomics is distinct with the study of Macroeconomics, which studies the economy as a whole entity.
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The word Micro-Economices comes from the Greek word ' Mikros' meaning 'small' . The behaviour of an consumer, a producer or a productive enterprise, a market, a creditor, a saver, is included in Microeconomices.
Microeconomices is the study of decision made by people and businesses regarding the allocation of resource and prices of goods and services.
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