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Question
Write short notes on:
Subject matter of Micro Economic/Scope of Micro Economics.
Subject matter of Micro Economic/Scope of Micro Economics.
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Solution
Microeconomics
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.
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.
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