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Definition of microeconomics by our experts of microeconomics case study help
Micro means “ small” and it is derived from a Latin word” micro” and its study is more limited as compared to macroeconomics. Microeconomics studies focus upon analysis of consumers and firms in the market with an attempt to understand the decision-making process of firms and households. It actions are limited within the connections of individuals buyers and seller in the market and the factors that pressure the decision-making process of these buyers and sellers. It actions recognized the model of supply and demand and the determination of price output and individual market.
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