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Introduction to Micro and Macro Economics — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsIntroduction to Micro and Macro Economics4 Marks
Question
Micro economics uses slicing method.
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Answer

Yes, I agree with this statement.
  • Micro economics deals with small or individual units.
  • Micro economics divides or slices the economy into small units and studies each unit in detail.
  • It is concerned with microscopic study of these units.
  • It is the study of particular firm, particular household, individual prices, wages, incomes, etc.
  • Hence, micro economics uses slicing method.

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