Which of the following is defined as that branch of economic analysis that studies the economic behaviour of the individual unit and may be a person, a…
Which of the following is defined as that branch of economic analysis that studies the economic behaviour of the individual unit and may be a person, a particular household or a particular firm?
Show answerHide answer
Correct answer: (D) Micro Economics
Explanation
Microeconomics studies the behaviour of individual economic units such as a consumer, a household or a firm. Macroeconomics studies the economy as a whole.