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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
Scope of micro economics.
- Theory of Product Pricing
- Theory of Growth and Development
- Theory of General Price Level and Inflation
- Theory of Income and Employment
Theory of economic welfare, basically deals with ______.
Assertion (A): Micro-economics uses slicing method.
Reasoning (R): Slicing method is the study of the whole economy rather than its part.
Identify & explain the concept from the given illustration.
Mala collected information about the income and expenditure of twenty five families from her locality.
Which of the following is a microeconomics statement?
Which theory is generally included under micro economics?
______ is a branch of economics that studies the economic variables at an individual level.
The method of partial equilibrium is used in ______
Which of the following theories are studied in microeconomics?
Microeconomics was Popularised by ______
Which of the following variables are involved in microeconomics?
Which of the following topic is not covered under microeconomics?
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Concepts studied under Microeconomics.
- National income
- General price level
- Factor pricing
- Product pricing
Statements that are correct in relation to microeconomics:
- Microeconomics is concerned with the study of individual economic units.
- Microeconomics uses lumping method.
- Microeconomics provides basis for the conditions of economic welfare.
- Microeconomics studies the determination of the general price level.
Give an economic term:
Factor payment received by an entrepreneur in the form of money.
A particular segment of an economy is studied in ______.
Concepts studied under Micro economics.
- National income
- General price level
- Factor pricing
- Product pricing
