Question

Which discipline studies the decision-making process of customers, workers, households, and business firms on an individual basis rather than as aggregates?.

Answer 1

Microeconomics is discipline that studies the decision-making process of customers, workers, households, and business firms on an individual basis

What is microeconomics?

Microeconomics is a branch of economics and a study that deals with individual as a unit.

• It deals with how an individual, a consumers or a business, organization or an agency make decisions and allocate their various resources.

Therefore, microeconomics studies decision making on individual basis.

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