Microeconomics is the study of all small segment of an economy. It can be defined as:
"Microeconomics is the study of how individuals and business make decisions about producing , exchanging, distributing and consuming particular goods and services and the interaction of those decisions in the market"
"Microeconomics is the study of how individuals and business make decisions about producing , exchanging, distributing and consuming particular goods and services and the interaction of those decisions in the market"
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