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| 1. |
What is microeconomics? |
| Answer» Microeconomics covers only single individual facts<br>Microeconomics is a branch of Economics that contemplate the attributes of decision makers within the economy, such as households, individuals and enterprises. The term\xa0‘firm’\xa0is generally used to refer to all sorts of business activities. Microeconomics differ from the study of Macroeconomics, which considers the economy as an entity. | |