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CBSE Class 11-commerce Answered

What is meant by microeconomics?  
Asked by vinaybansalmsz | 01 Feb, 2019, 09:20: PM
answered-by-expert Expert Answer

The study of economics is classified into Microeconomics and Macroeconomics.

The term Micro is derived from the Greek word ‘Mikro’ meaning ‘small’.

Microeconomics is a part of economic theory which studies behavior of individual units of an economy. Such as a particular consumer, firm.

 

Answered by Christina | 04 Feb, 2019, 09:24: AM
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CBSE 11-commerce - Statistics for Economics
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CBSE 11-commerce - Statistics for Economics
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