Question

what is micro economy?What its important​

Answer 1

Answer:

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.

Importance of microeconomics. Microeconomics explains the working of a capitalist economy where individual units are free to take their own decision. It describes how, in a free enterprise economy, individual units attain equilibrium position. It also helps the government in formulating correct price policies.

Explanation:

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Answer 2

Question÷what is micro economy?

Answer÷Microeconomics is a branch of economics that studies the behaviour of individual units such as households, individuals and enterprises within the economy. Microeconomics is distinct with the study of Macroeconomics, which studies the economy as a whole entity.

question÷What its important

Answer÷Importance of microeconomics

Microeconomics explains the working of a capitalist economy where individual units are free to take their own decision. It describes how, in a free enterprise economy, individual units attain equilibrium position. It also helps the government in formulating correct price policies.