is the branch of economics that study the economic behaviour of small individual decision making unit in an economy.
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explain the types of microeconomics
Microeconomics and macroeconomics is the two division of economics.
Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses. Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses.
Macroeconomics and Microeconomics
Robert Haney Scott has written: 'Principles of microeconomics' -- subject(s): Accessible book, Microeconomics 'Problems in national income analysis and forecasting' -- subject(s): Economic forecasting, Income, National income, Study and teaching 'The market system' -- subject(s): Microeconomics 'The pricing system' -- subject(s): Microeconomics, Prices, Equilibrium (Economics) 'Principles of economics' -- subject(s): Economics 'Instructor's manual to accompany Principles of economics'
To be honest, I don't know. Try looking at ask.com
explain the types of microeconomics
Microeconomics and macroeconomics is the two division of economics.
Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses. Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses.
macroeconomics and microeconomics
Macroeconomics and Microeconomics
Ralph T. Byrns has written: 'Homework Sets T/A Microeconomics 6e' 'Study Guide T/A Microeconomics 6e' 'Microeconomics' -- subject(s): Microeconomics 'Exploring economics' -- subject(s): Economics 'Study Guide T/A Economics 6e' 'Student Guide for Learning Macroeconomics' 'An economics casebook' -- subject(s): Cases, Law, Trade regulation, Economics 'Economics (Great Ideas for Teaching)'
Adam Smith.. Since during his time Economics be almost wholly concerned with Microeconomics, he is, therefore, more precisely the father of Microeconomics.
Microeconomics
Macroeconomics was called "Political Science" and microeconomics was simply "economics" in those days, but the difference was already there.
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.