What is Micro economy or Finance

The prefix micro in Microeconomics comes from the Greek word “mikros” meaning small. Microeconomics is the branch of economics based on the economic behaviour of small economic units; Consumers, worker, savers, business managers, firms, individuals, and the totality of these decisions define the economic environment. Consumers decide how to purchase various goods, workers decide what job to take and business people decide how many workers to hire and how much output to produce.

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