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प्रश्न
Give reason or explain the following statement.
Micro Economic theories are based on certain assumptions.
उत्तर
Microeconomic theories are based on assumptions such as full employment, perfect competition, a laissez-faire style of working (no government intervention) and ceteris paribus. These assumptions help in understanding the relationship between any two variables. However, these assumptions may or may not exist in the real world.
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संबंधित प्रश्न
State whether the following statement is true or false.
Micro Economic theory assumes full employment.
Give reason or explain the following statement:
Micro economic theories based on certain assumptions.
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The problems of Nation are studied in the micro economy.
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Assumptions of micro economics are unrealistic.
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Micro Economic theory assumes full employment.
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Micro Economic theory suggests policies to solve problem of inflation.
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Micro Economics analyses partial equilibrium.
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Marginalism principle is used as a tool of analysis in micro economics.
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