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प्रश्न
Meaning and Definition of Micro Economics?
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उत्तर
Micro economics deals with the economic behaviour of various economic units in the economy, such as particular firms, particular households, prices of individual products, wages in particular industry, etc.
It studies the economic behaviour of individual firms, households, industry, product pricing and factor pricing as well as allocation of resources.
Thus it studies in detail about a tree and not the forest as whole.
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