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Question

Which of these are outside the domain of Microeconomics?

A
Consumer behaviour
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B
Factor pricing
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C
Economic growth
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D
Study of firm
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Solution

The correct option is D Economic growth

Economic growth is outside the domain of Microeconomics. Microeconomics is that part of economics which deals with the individual units of the economy and not the issues that occur on a national scale like, economic growth and employment. It takes into account the demand and supply of individual units.


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