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प्रश्न
Give reasons or explain the following
Theories of microeconomics are based on certain assumptions.
उत्तर
Microeconomics is based on certain assumptions. It assumes that there is full employment, laissez fair policy, pure capitalism, perfect competition, etc. However, all these assumptions neglect the dynamic and changing environment and make the microeconomic study static. Thus, we say that the assumptions are unrealistic in nature.
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संबंधित प्रश्न
Write short note on :
Importance and usefulness of Micro Economics :
Fill in the blank with proper alternatives given in the bracket:
Micro Economics is a study of _____________ .
Write short answer for the following question :
What is the importance of the study of Micro Economics?
Fill in the blank using proper alternatives given in the bracket:
Micro economics is a study of ..............
Explain any four points of importance of Micro economics.
Give reasons or explain the following statement:
Micro economic studies individual income.
Rewrite the following sentences by using proper substitute given in the bracket:
Economics is a ________ science.
Define or Explain the concept
Micro economics
Distinguish between Percentage method and Total outlay method.
State whether the following statement is TRUE or FALSE.
Micro Economics studies theory of firm.
State whether the following statement is TRUE or FALSE.
Micro Economics deals with allocation of resources.
Define or Explain the following concept.
Resource allocation
Write short note on :
Importance of Micro Economics
Answer the following question
Explain the meaning of Micro Economics with the help of few important definitions.
Answer the following question
What is the importance of Micro Economics?
Identify and explain the concept from the given illustration:
Ramesh decided to take all decisions related to production, such as what and how to produce?
