Question:
What do you understand by Micro-Economics?
What do you understand by Micro-Economics?
Show Hint
Microeconomics focuses on the behavior of individual economic agents and markets.
Updated On: Nov 5, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
Microeconomics deals with the study of individual economic agents, such as households, firms, and industries, and how they make decisions regarding the allocation of resources and the pricing of goods and services.
Was this answer helpful?
0
0
Top Questions on Microeconomics
- Which of the following terms is used in economics parlance to describe a person who receives the benefits of a good but avoids paying for it?
- CUET (PG) - 2025
- Commerce
- Microeconomics
- Which of the following are the features of perfect competition?
- CUET (PG) - 2025
- Commerce
- Microeconomics
- Which of the following statements is incorrect?
- CUET (PG) - 2025
- Commerce
- Microeconomics
- What is economic activity?
- Bihar Board XII - 2025
- Economics
- Microeconomics
- Explain the importance of the study of Microeconomics.
- Bihar Board XII - 2025
- Economics
- Microeconomics
View More Questions
Questions Asked in UP Board XII exam
- Obtain the differential equation of the family of curves \(y = \frac{2ce^{2x}}{1+ce^{2x}}\).
- UP Board XII - 2025
- Differential Equations
- Write an article on any one of the following topics in about 100-150 words:
c.Water Conservation- UP Board XII - 2025
- Article Writing
- Solve: \((\tan^{-1}y - x)dy = (1+y^2)dx\).
- UP Board XII - 2025
- Differential Equations
- Integrate: \( \int \left(\frac{2 + \sin 2x}{1 + \cos 2x}\right) e^x dx \)
- UP Board XII - 2025
- Calculus
- What is the meaning of ‘Common Property Resources’ ? Write with examples.
- UP Board XII - 2025
- Environment & Natural Resources
View More Questions