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Microeconomics is the branch cogitation of microeconomics.
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How is microeconomics used in the real world?
Microeconomics also studies the patterns of demand and supply and how different prices of products are determined in individual markets. Therefore, it demonstrates how the behavior and decisions made by individuals affect the demand and supply of goods and services. Hence, it can be used to address some important questions like:
Where does the term micro economics come from?
The term Micro Economics is derived from the Greek word “mikro- meaning "small. It is studied as a part of the Economic Study. As against the macroeconomic study which consists of studying the economic activities in totality microeconomics deals with the effects of nation’s economic policy on of growth, inflation, and unemployment etc.
What do you need to know about microeconomics assignments?
Microeconomics assignment help involves assisting students preparing assignments related to opportunity cost, supply & demand, and competitor analysis.
Last Update: Oct 2021
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