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9 February, 05:34

The study of the economic behavior and decision making of small units such as families, individuals, or businesses

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  1. 9 February, 07:07
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    "Microeconomics" is the study of the economic behavior and decision making of small units such as families, individuals, or businesses

    Explanation:

    When we talk about microeconomics, it means that how an individual deal with time and resources or the decisions we made at individual level. We can also say that microeconomics is the study of individual market while macroeconomics is the study of national economy as a whole.
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