what is micro economics
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Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners
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IT IS A TYPE OF ECONOMICS. MICRO MEANS SMALL. SMALL ECONOMICS SUCH AS HOUSE BUDGET ETC
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