What is microeconomics?
1. Microeconomics is defined as the branch of economics that studies the economy of consumers or households or individual firms by wordnetwordnetweb.princeton.edu/perl/webwn.
2. It is also defined as the branch of economics concerned with the decisions made by individuals, households, and firms and how these decisions interact to form the prices of goods and services and the factors of production.instech.tusd.k12.az.us/Core/glossary/ssglossary.doc
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