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Identify and explain the concept from the given illustration: Gauri collected the information about theincome of a particular firm. - Economics

Short Note

Identify and explain the concept from the given illustration:

Gauri collected the information about the income of a particular firm.

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Solution

Concept: Micro-economics (or Micro-economic study)

Explanation:

Micro-economics studies the individual economic units such as individual consumers, individual producers, individual firms, the price of a particular commodity or a factor, etc.

Concept: Introduction to Micro and Macro Economics
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Micro and Macro Economics
Exercise | Q 3. (1) | Page 7
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