Please Help: ECONOMICS
Posted Date : 03-Aug-2012 , 06:00:28 pm | Posted By PRAKASH KUMAR SINGH
what does micro economics refers to?
Category : Students | Answers : 3 | Comments : 0 | Hits : 135
Answers
Answer By: Vikash Kumar Jha
Micro economics are those which directly or regularly influence the business and these elements are customers, competitors, suppliers, market intermediators
Answer By: Rambabu Senkarasetti
Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics).
Microeconomics is more concerned with the allocation of scarce resources and the elasticity (sensitivity) of consumers and producers at the level of households and firms.
In other, more simple words, it is the laws of supply and demand.
Microeconomics is more concerned with the allocation of scarce resources and the elasticity (sensitivity) of consumers and producers at the level of households and firms.
In other, more simple words, it is the laws of supply and demand.
Answer By: Krishna Chandra Santi
Micro economics refers to the micro environment of an economy. It deals with the internal environment of the economy.
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