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Scope of micro economics

Updated: 4/28/2022
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11y ago

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Under the scope of microeconomics we study about different fields of areas of it . The major scope of microeconomics covers the following topics:

1. theory of demand (consumers behaviours)

2. theory of production ( producers behaviours)

3. theory of product pricing (price & output determination)

4. theory of factor pricing ( distribution)

5. theory of economic welfare

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11y ago
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Q: Scope of micro economics
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