#1  
21st February 2013, 09:30 PM
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What are the features of Micro economics?


features of micro economics...Please tell me the details for the same




  #2  
22nd February 2013, 01:00 PM
TARA001
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Join Date: Oct 2012
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Default Re: What are the features of Micro economics?

HELLO,


Features of Microeconomics
  • It is individualistic economics.
  • It is concerned with the behaviour of individual economic entities such as households,firms,markets etc.
  • It presupposes the existence of full employment in the total economy.
  • It analyses economic phenomena under the ceteris paribus assumption and hence is a method of partial equilibrium analysis.
  • It is applicable under market economy where price plays a central role.
  • It is also called 'price theory' or 'value theory'.
  • Its objectives is to analyze the process by which scarce resources are allocated among alternative uses.
  • Its central elements is the nature of competition in individual markets.
  • Its principle variables are relative prices,individual demand and supply,output of individual firms and so on.


THANK YOU
  #3  
11th May 2013, 10:48 AM
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Talking Re: What are the features of Micro economics?

Quote:
Originally Posted by Unregistered View Post
features of micro economics...Please tell me the details for the same


DEAR FRIEND,

ECONOMICS MAIN TWO BROAD TYPES AS UNDER :-


1. MICRO ECONOMICS.

2. MACRO ECONOMICS.

MACRO MEANS WHOLE PARTICULAR COMMODITY.
MICRO MEANS IN WHOLE PARTICULAR COMMODITY IN THE PARTICULAR AREA.
SUPPOSE THE AUTOMOBILE INDUSTRY IS EXAMPLE OF THE MACRO ECONOMICS.
AND IN THIS INDUSTRY IN PARTICULAR COMPANIES LIKE BAJAJ IS EXAMPLE OF MICRO ECONOMICS.
MICRO ECONOMIC IS BASED INFORMATION OF THE MACRO ECONOMICS.
IN SHORT MICRO MEANS SMALL

MACRO MEANS LARGE.

THANK YOU!

with best wishes of Makes 25.
  #4  
20th August 2015, 01:20 AM
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Default Re: What are the features of Micro economics?

Thank so much it was help ful
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