ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It deals with the economic behavior of individual units.
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macroeconomics
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microeconomics
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labor
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land
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Explanation:
Detailed explanation-1: -Definition: Microeconomics is the study of individuals, households and firms’ behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues.
Detailed explanation-2: -microeconomics, branch of economics that studies the behaviour of individual consumers and firms.
Detailed explanation-3: -Individual economic unit refers to one unit which participate in production mechanism for example, a producer, a consumer, a firm, etc. Microeconomics deals with the study of individual economic units.
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