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Define Micro economics and explain their merits and demerits?

Updated: 4/28/2022

Shar6117 ∙

Lvl 1

∙ 11y ago

Best Answer

microeconomics seeks to explain the working of individual prices, wages, particular industries.

merits of microeconomics:

1. formulating economics policies and scare resource of the country

2. achieve maximum output with minimum input.

Wiki User

∙ 11y ago

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