___________ is that branch of economics that concern how individual households ad firms takes economic decisions to allocate scarce resources.

Marcoeconomics

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Microeconomics

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Positive economics

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Normative economics

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Solution

The correct option is C Microeconomics
Microeconomics
Micro in Greek means 'small'.
It is that part of economics which deals with the individual units of the economy.
It takes into account the demand and supply of individual units.
It aims to determine the price of a product using the factors of production.
Example: Individual income and Individual output.

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