What is Microeconomics?

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    SHRUTI TIWARI | Contributor-Level 9

    2 months ago

    Microeconomics is a branch of economics that studies the behaviour of individuals and firms in decision-making and resource allocation. In this, we study how consumers and businesses make decisions about what to buy sell or produce. it studies individual economic units like consumers, firms and markets and also it aims to analyse the market mechanisms that establish prices among goods and services and allocate limited resources for alternative uses.

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