Question

What is Micro Economics ?​

Answer 1

Microeconomics is a branch of economics that studies the behavior 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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Answer 2

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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 uses demand and supply as tools of analysis to study the decisions of individual entities in the economy.