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What is meant by micro economics?

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Question added by P A Cariappa Appaiah , back office executive , Inspire Hond
Date Posted: 2016/08/06

Micro economics is the behavioral studies of specific industries or individuals or firms.

Samer Khatib
by Samer Khatib , Economics Moderator , Bayt.com

It is the branch of economics that studies the behavior of individuals and companies in making decisions and one of the goal of microeconomic is to analyze the market mechanisms that establish relative prices among goods and services and also analyze the market failure.

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