Please Help: ECONOMICS
Posted Date : 03-Aug-2012 , 06:00:28 pm | Posted By: PRAKASH KUMAR SINGH
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what does micro economics refers to? |
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Answers:
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 Answer by: Vikash Kumar Jha |
| Micro economics are those which directly or regularly influence the business and these elements are customers, competitors, suppliers, market intermediators
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| Answer by: Rambabu Senkarasetti |
| Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics).
Microeconomics is more concerned with the allocation of scarce resources and the elasticity (sensitivity) of consumers and producers at the level of households and firms.
In other, more simple words, it is the laws of supply and demand.
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| Answer by: Krishna Chandra Santi |
| Micro economics refers to the micro environment of an economy. It deals with the internal environment of the economy.
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