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प्रश्न
Define microeconomics.
उत्तर
- Microeconomics is the study of the economic actions of individual units say households, firms, or industries.
- It studies how business firms operate under different market conditions.
- The combined actions of buyers and sellers determine prices.
- Microeconomics covers:
- Value theory [product pricing and factor pricing]
- Theory of economic welfare.
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संबंधित प्रश्न
Find the odd word
Features of Microeconomics
Assertion (A): Micro-economics uses slicing method.
Reasoning (R): Slicing method is the study of the whole economy rather than its part.
Distinguish Between
Slicing method and Lumping method
‘Economics is a study of mankind in the ordinary business of life’ -It is the statement of
Which theory is generally included under micro economics?
______ is a branch of economics that studies the economic variables at an individual level.
Which of the following theories are studied in microeconomics?
Which of the following topic is not covered under microeconomics?
- Assertion (A): Microeconomics is a small part of the national economy.
- Reasoning (R): Microeconomics divides the economy into small units.
Give an economic term:
Factor payment received by an entrepreneur in the form of money.
A particular segment of an economy is studied in ______.
Find the odd word out:
Microeconomic variables:
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
