Question

what is micro economics and its scope?​

Answer 1

$\huge\mathfrak\pink{AnSweR}$

Microeconomics refers to the study of individualistic economic behavior at the time of making economic decisions. It studies an individual consumer, producer, manager or a firm, price of a particular commodity or a household.

Scope And Purpose Of Microeconomics And Its Significance In Business Decision Making. ... Microeconomics refers to the study of individualistic economic behavior at the time of making economic decisions. It studies an individual consumer, producer, manager or a firm, price of a particular commodity or a household.