The term micro-economics is derived from Greek prefix mikro which means ____________.

aggregate

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consumer choices

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biggest

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small

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Solution

The correct option is D small
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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The word chromatography is derived from a greek word, 'kroma' which means colour. Select the statements that refer to chromatography.

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