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Microeconomics is defined as the study of individuals households and firms behavior in decision making and allocation of resources.
What is subject matter of microeconomics. Microeconomics studies the behaviour of individual economic units of an economy like households firms individual consumers and producers etc. Microeconomics is that part of economics which deals with the individual units of the economy. MCQ Questions for Class 11 Economics with Answers were prepared based on the latest exam pattern.
The subject matter of microeconomics includes the study of. Home economics Junior high schools Study and teaching. It does not study the economy as a whole.
Which occur in milder forms all the time. Macroeconomics is concerned with the behaviour of the economy as a whole. The study of how they utilise the given resources in the best possible manner in order to maximise their rational objectives falls under the domain of microeconomics.
Microeconomics is the branch of economics that analyzes market behaviors at a level of individual consumers and firm. Which of the following is not a subject matter of microeconomics. The study of economics is divided by the modern economists into two parts viz.
Theory of cost of resources. Some of these factors are commodity pricing factor pricing andwelfare theory. All the other options are the concern of macroeconomics.
Most variables of macroeconomics get related with employment inflation unemployment issues and import and export matters of a nation or between nations. The subject matter of microeconomics includes several factors. It is the study of all theories and principles which are based on individual unit.
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