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Download Microeconomics eBook - ePub Format
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Banyu Online Media Library Books 2020

microeconomics

Microeconomics PDF, ePub eBook

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BOOK SUMMARY :

Microeconomics from greek prefix mikro meaning small + economics is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firmslike most definitions in economics there are plenty of competing ideas and ways to explain the term microeconomics as one of the two branches of the study of economics an understanding of microeconomics and how it relates to the other branch macroeconomics is criticalmicroeconomics is the social science that studies the implications of individual human action specifically about how those decisions affect the utilization and distribution of scarce resources microeconomics is all about how individual actors make decisions learn how supply and demand determine prices how companies think about competition and more we hit the traditional topics from a college level microeconomics coursemicroeconomics branch of economics that studies the behaviour of individual consumers and firms unlike macroeconomics which attempts to understand how the collective behaviour of individual agents shapes aggregate economic outcomes microeconomics focuses on the detailed study of the agents

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