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economics that studies the behavior of an individual consumer, firm, family is known as microeconomics. the branch of economics that studies the behavior of the whole economy, (both national and international) is known as macroeconomics. deals with individual economic variables aggregate economic variables
theory of product pricing, theory of factor pricing, theory of economic welfare. theory of national income, aggregate consumption, theory of general price level, economic growth. scope covers various issues like demand, supply, product pricing, factor pricing, production, consumption, economic welfare...
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