Microeconomics is that branch of economics which studies economic activities relating to individual economic units like a consumer, or a producer.
Example: Problem of product pricing or factor pricing.
This app contains:
1. Economics and Economy
2. Central Problem of an Economy
3. Consumer's Equilibrium Utility Analysis
4. Consumer's Equilibrium - Indifference Curve Analysis
5. Theory of Demand
6. Price Elasticity of Demand
7. Production Function and Returns to a Factor
8. Concepts of Cost
9. Concept of Revenue
10. Producer's Equilibrium
11. Theory of Supply
12. Forms of Market
13. Market Equilibrium Under perfect competition
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