Question

what's is economy and micro economy

Answer 1

Answer:

Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Hope this helps.

Answer 2

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. The study of economy is known as economics.

Microeconomics is a branch of economic that studies the behavior of individuals and firms regarding the allocation of scare resources and the interactions among these individuals and firms.