What Are the 7 Principles of Microeconomics?

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Solution

The seven principles of microeconomics are:

Scarcity

Equality

Opportunity cost

Marginal change

Market economy

Incentive

Efficiency

Also see:

What is microeconomics?

What is macroeconomics?

Difference between Microeconomics and Macroeconomics

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What is the difference between microeconomics and macroeconomics?

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