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Question

Which of these is a subject matter of micro economics?

A
Interaction of producers and consumers in a market
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B
Aggregate demand
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C
Level of full employment
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D
Impact of variation in CRR on money supply
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Solution

The correct option is A Interaction of producers and consumers in a market

Interaction of producers and consumers in a market is the subject matter of Microeconomics. Microeconomics 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. All the other options are the concern of macroeconomics.


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