Question

What is microeconomics
And what is it's central problems

Answer 1

the part of economics concerned with single factors and the effects of individual decisions

the several problems are generally studied under the problem of 'Allocation of the Resources'. This is a topic related to Microeconomics. It refers to the issue of assigning thefinite resources in such a careful manner so that the maximum demand or needs of the society can be fulfilled in a very efficient manner
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