What is Micro economics
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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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MICRO ECONOMICS
Explanation:
Microeconomics is the science of how people make decisions at the small scale. It is different from macroeconomics which looks at how the economy works as a whole ("on aggregate"). ... Some parts of microeconomics include Consumer Theory and Theory of the Firm, which study how people and businesses make decisions.
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