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Q. > Please Help: ECONOMICS
what does micro economics refers to?
answered Aug 03, 2012 by Vikash Kumar Jha , Cuttack
Micro economics are those which directly or regularly influence the business and these elements are customers, competitors, suppliers, market intermediators
answered Aug 04, 2012 by Rambabu Senkarasetti , Guntur
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.
answered Aug 04, 2012 by Krishna Chandra Santi , Chennai
Micro economics refers to the micro environment of an economy. It deals with the internal environment of the economy.
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