Advertisement Remove all ads

State with reason whether you agree or disagree with the following statement: Micro economics uses slicing method. - Economics

MCQ
True or False

State with reason whether you agree or disagree with the following statement:

Micro economics uses slicing method.

Options

  • Agree

  • Disagree

Advertisement Remove all ads

Solution

Yes, I agree with the statement. 

Explanation:

  1. Micro economics is a branch of modern economics.
  2. It deals with a small part of the national economy.
  3. It studies the individual economic units such as an individual consumer, individual producer, individual firm, the price of a particular commodity or a factor, etc.
  4. Micro economics splits or divides the economy into small individual units and then studies each unit separately in detail.
  5. E.g.
    a. Study of individual income out of national income.
    b. Study of individual demand out of aggregate demand etc.
Concept: Introduction to Micro Economics
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Micro and Macro Economics
Exercise | Q 5. (4) | Page 7
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×