English

Explain the term micro. - Economics

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Question

Explain the term micro.

Explain
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Solution

Microeconomics is the branch of economics that studies the behaviour and decisions of individual units like consumers, firms, and industries. It explains how they allocate limited resources to satisfy their needs.

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Chapter 1: Micro and Macro Economics - An Introduction - TEST QUESTIONS [Page 1.7]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 1 Micro and Macro Economics - An Introduction
TEST QUESTIONS | Q A. 2. | Page 1.7
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