Rideshare, an on-demand transportation company, offers free rides to political marches for its ridership. this decision is a microeconomic issue.
Microeconomics is the study of social science that tells about the effects of incentives and decision-making, particularly how these affect the use and distribution of resources.
Microeconomics is concerned with how and why different commodities have distinct values, how people and firms are involved in and profit from structured production and exchange, and how people coordinate and work together.
Microeconomics generally provides a more thorough and comprehensive understanding than macroeconomics. It can be used in a positive or normative sense. Positive microeconomics reports economic behavior and what to expect when particular conditions change.
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