Microeconomics Definition - Assignment Point
Microeconomics Definition
Subject: Economics | Topics:

Microeconomics is a branch of economics that analyzes the marketplace behavior of personal consumers and firms in an attempt to understand the decision-making technique of firms and homes. It is interested in the interaction involving individual buyers and sellers along with the factors that influence your options made by potential buyers and sellers. In particular, microeconomics focuses on patterns of offer and demand along with the determination of price and output within individual markets.

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