what is the concept of micro economic
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Definition of 'Microeconomics' Definition: Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.
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micro economics
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.
macro economics
macro economics is the study of economic system as a whole.it is the study of behaviours of large aggregates , such as national income, national output, aggregate demand and supply, total consumption, total investment, general price level etc.
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