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blagie [28]
3 years ago
13

Explain the concept of microeconomics.​

History
1 answer:
Viktor [21]3 years ago
5 0

Answer:

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.

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Answer: (3) Protestant Reformation

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Martin Luther was a monk who had become fed up by the Roman Catholic Church's lies and indulgences and so in the year 1517 released his Ninety-five Theses. In these, he criticized the Church for behavior such as saying that God would not punish people for sins if they paid a certain amount of money.

Martin Luther's ideas were so popular that they made him a very popular figure and people desired a split from the Catholic Church. Those who eventually split became known as the Protestants in the process called the Protestant Reformation.

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