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Why is micro economics used in business decision making?

economics relevance to business organisation


What do you mean by point of inflection in micro-economics?

It is the same as it is in calculus: Its the point on a curve where the rate of the rate of change of the curve flips.


Classification of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


What are the classifications of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


Micro-Economics is also called?

micro economics is also called?


How does Elinor Ostrom and Oliver Williamson's Noble Price study apply to Micro Economics?

The Nobel Prize winning study by Elinor Ostroma and Oliver Williamson applied to micro economics in that it is based on corporate structures for conflict resolution.


Give the differences between micro and macro economics?

ten difference of micro economics macro economics


Who is first use a word of Micro economics?

Who is first use a words of micro economics & macro economics


10 related features of micro economics?

10 examples of micro economics


How are micro and macro economics complementary to each other?

From what i know the macro and micro economics are complementary into gross national income since in order to find national income both must be applied so that to know the total nation income.


What are the basic division in economics?

micro economics and macro economics


Macro economics and micro economics?

macro is a root for large, while micro is, of course, small