Microeconomics is the study of how individuals and businesses make choices regarding the best use of limited resources. Its principles can be usefully applied to decision-making in everyday life—for ...

Microeconomics is a subset of economics that focuses on the actions of the individual participants in the economy, including individual consumers and businesses. Unlike macroeconomics, which focuses ...

Microeconomics and macroeconomics are two distinct branches of economics. Microeconomics focuses on individuals and groups, including companies, while macroeconomics looks at the behavior of national ...