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Question
What Is Microeconomics? Give Two Examples.
What Is Microeconomics? Give Two Examples.
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Solution
Microeconomics is that branch of economics that deals with the behaviour of individuals, firms and households in decision making and resource allocation. Examples of microeconomics factors are supply and demand.
Also see:
Microeconomics is that branch of economics that deals with the behaviour of individuals, firms and households in decision making and resource allocation. Examples of microeconomics factors are supply and demand.
Also see:
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