what is micro economics ?
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Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics.
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Explanation:
micro economics isa study of the behaviour of individual economics units such as individual consumers, individual firm's, individual prices, individual industries, particular commodities etc.
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