Question

Economics can be divided into microeconomics and macroeconomics. One of these areas studies large units or groups and one studies small units or groups. Which do you think studies small units? why?.

Answer 1

Microeconomics is the study of economics which study small units of economy.

What is microeconomics and macroeconomics?

The study of economics at the individual, small group, or business level is known as microeconomics. The study of a nation's economy as a whole is called macroeconomics, in contrast. Problems that affect both people and enterprises are the main emphasis of microeconomics. Macroeconomics is the study of issues that affect both the world and the nation.

What is the purpose of microeconomics?

The decision-makers can assess and decide how the productive resources are allocated for different goods and services with the aid of a study of microeconomics. Additionally, it aids in resolving the conundrum faced by producers on what to make, how much to produce, and for whom to produce.

Learn more about microeconomics: brainly.com/question/8102286

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