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MICROECONOMICS CH : 1 ECONOMICS AND ECONOMY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 1 ECONOMICS AND ECONOMY2 Marks
Question
Define microeconomics.
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Answer

Microeconomics is that branch of economics which studies economic problems (or economic issues) at the level of an individual-an individual firm, an individual household or an individual consumer.

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