Importance of Micro Economics


Today microeconomics occupies a very important place in the study of economic theory. It is an important method of economic analysis, which Professor Keynes regards as “a necessary part of one’s apparatus of thought. It is microeconomics that tells us how a free market economy with its millions of consumers and producers work to decide about the allocation of productive resources among the thousands of goods and services.”


Note: This is published for the internal use (of St. Philomena's College students) only and hence requires verification. 

No comments:

Post a Comment