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What do you understand by "microeconomics"?
What do you understand by "microeconomics"?
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Solution
Microeconomics is the study of behaviour of individual units of an economy, while making decisions and allocating resources. It focuses on units like individual consumers, firms, and industries.
Microeconomics is the study of behaviour of individual units of an economy, while making decisions and allocating resources. It focuses on units like individual consumers, firms, and industries.
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