what's is economy and micro economy
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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.
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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.
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