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10 June, 09:11

Microeconomics is the study of the economic interactions between

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  1. 10 June, 09:13
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    Microeconomics is the study of the economic interactions between individuals and firms (Mikro is the Greek word for small), and it is a branch of economics that it is opposed to Macroeconomics, which study all the economic system involved.

    Microeconomics deals with concepts like demands, supply and equilibrium, market structure and cost production, just to name a few.
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