HSC Arts 12th Board ExamMaharashtra State Board
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Solution - Micro Economics Studies Behaviours of Individual Economic Unit. - HSC Arts 12th Board Exam - Economics


Micro Economics studies behaviours of individual economic unit.


The term Micro Economics is derived from the Greek work “Mikros” which means “Small”. Micro economics gives a detailed analysis of one part of the economy or society. It studies the behaviour of individual units of the economy, such as households, firms, industries and markets.

Micro economics is concerned with the study of behaviour of individual element(s) of an economy, whereas, macro economies concerned with the study of behaviours of an economy as whole.

Micro-economics gives a microscopic picture of the economy. The activities of numerous economic units and their inter-relationship are studied and analysed minutely through this method.

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 2015-2016 (March) (with solutions)
Question 2.2.1 | 2 marks

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Solution for question: Micro Economics Studies Behaviours of Individual Economic Unit. concept: Introduction and Features of Micro Economics. For the courses HSC Arts, HSC Science (Computer Science), HSC Science (Electronics), HSC Commerce (Marketing and Salesmanship), HSC Science (General) , HSC Commerce