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Define : (a) Micoeconomics (b) Macroeconomics |
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Answer» SOLUTION :(a) Microeconomics. It is the study of individual UNITS of an economy e.g., a household, a firm, an industry etc. (b) Macroeconomics. It is study of AGGREGATE units of an economy or study of economy as a WHOLE e.g., all INDUSTRIES in the economy. |
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