micro economics is also called?
define law of demand.explain it with the help of schedule and digram. also write its assumption and limitation
Microeconomics focuses on the behavior of the individual's choice in allocating and dealing with scarcity, the major factor in economics. Small firms also belong to the individual group and thus are being studied by microeconomics.
Who is the father of microeconomics?
Advantages of microeconomics ?
Macroeconomics was called "Political Science" and microeconomics was simply "economics" in those days, but the difference was already there.
define law of demand.explain it with the help of schedule and digram. also write its assumption and limitation
Microeconomics focuses on the behavior of the individual's choice in allocating and dealing with scarcity, the major factor in economics. Small firms also belong to the individual group and thus are being studied by microeconomics.
Who is the father of microeconomics?
Advantages of microeconomics ?
Macroeconomics was called "Political Science" and microeconomics was simply "economics" in those days, but the difference was already there.
microeconomics is called microscopic analysis because it analyze the behavior of micro or small units of the economy like individual consumer, producer, factor suppliers etc.
what are the microeconomics problems in philippines
explain the types of microeconomics
Microeconomics refers to a small, localized economy.
microeconomics im not sure why
Example of microeconomics are :householdsbussiness firmsindustrial activities etc..
difference in methodology for microeconomics and macroeconomics?