The study of the economic behavior and decision making of small units such as families, individuals, or businesses

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Social Studies

Burns

12 May, 22:28

The study of the economic behavior and decision making of small units such as families, individuals, or businesses

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Kiana Patrick · Answer 1

"Microeconomics" is the study of the economic behavior and decision making of small units such as families, individuals, or businesses

Explanation:

When we talk about microeconomics, it means that how an individual deal with time and resources or the decisions we made at individual level. We can also say that microeconomics is the study of individual market while macroeconomics is the study of national economy as a whole.