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Micro means a small part . Microeconomec thus denete the study of small individual . Microecomomic can be divided into three major types they are as fallow:
1. Simpke Micro statics:- Simple micro stastic analysis studies a set of micro-economic variable and their relation when they are in equilibrium at a given point of a time. It does not explain how the equilibrium has been brought .
Equilibrium position is attained when demand and supply forces to equal to each other but simple micro stastics can be
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoGenerally micro economics are of three types:
1) Micro static analysis
2) Comparative micro static analysis
3) Micro dynamic analysis
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Importance of microeconomics?
importance of microeconomic
What is the unemployment rate a subject of?
microeconomic
Microeconomic theory of fertility?
potang ina mo
Which of these described the economic view of the chicago school of economics?
microeconomic
How is macro and microeconomics interdependent?
Macroeconomics uses a microeconomic foundation to make it analysis. Microeconomic theory often uses econometric data taken from macroeconomics to come up with theories of economic relationships.
Importance of microeconomics?
importance of microeconomic
What is the unemployment rate a subject of?
microeconomic
Is health care a macroeconomic or microeconomic issue?
health care is a microeconomic issue as it is related to individual's whereas macroeconomic deals with economy as a whole.
Is health care is a microeconomic or macroeconomic issue?
health care is a microeconomic issue as it is related to individual's whereas macroeconomic deals with economy as a whole.
Microeconomic theory of fertility?
potang ina mo
What microeconomic policies apply to south Africa?
lwando
Which of these described they economic view of the Chicago school of economists?
microeconomic
Which of these described the economic view of the chicago school of economics?
microeconomic
How is macro and microeconomics interdependent?
Macroeconomics uses a microeconomic foundation to make it analysis. Microeconomic theory often uses econometric data taken from macroeconomics to come up with theories of economic relationships.
Dicuss extensively policy applications of microeconomic theories you know?
wizzrhymes@yahoo.com
What are the major microeconomic problems?
1) what to produce 2)how to produce 3)for Whome to produce
When a statement of fact is made such as The rate of unemployment is currently 5 percent this is an example of?
A statement of fact like "The rate of unemployment is currently 5 percent" is an example of an empirical claim. This statement can be verified or disproved through observation, measurement, and evidence.
