What is Microeconomics all about? - ProProfs Discuss
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What is Microeconomics all about?

This question is part of Microeconomics Practice Test
Asked by Muhammadakram, Last updated: Nov 11, 2020

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4 Answers

E. Stanley

E. Stanley

E. Stanley
E. Stanley, Technical writer, Indianapolis

Answered Oct 11, 2018

Microeconomics is about the study if economy at micro level.

It focuses on issues that affect individuals and groups. It studies economics at individual, group and companies level. It studies behaviour concerning distribution of scarce resources.

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Ikran

Ikran

Ikran
Ikran

Answered Oct 25, 2017

Microeconomics is about study of economy at micro level

Microeconomics is economicanalysis that involves the study of the specific choices and decisions make by producers and consumers.

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kfelleng

kfelleng

kfelleng
Kfelleng

Answered Aug 28, 2017

Yes, i do agree with the first question which is-the study of economy at micro level...because it focuses on the nature of individual consumption and production units within a particular market/economic system.

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muhammadakram

muhammadakram

muhammadakram
Muhammadakram

Answered Aug 21, 2017

Study of the Economy at Micro Level

Microeconomics is concerned with the study of the individual consumer/producer or single economic unit
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