Economics Dictionary of ArgumentsHome | |||
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Microeconomics - Economics Dictionary of Arguments | |||
Microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. It focuses on the mechanisms of supply and demand and the determination of prices and quantities in specific markets, analyzing how they affect consumer behavior, production, and distribution. | |||
Author | Item | More authors for concept | |
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Microeconomics | Equilibrium | Equilibrium | |
Microeconomics | Legal History | Legal History | |
Microeconomics | Price | Price | |
Ed. Martin Schulz, access date 2024-04-26 |