ISSN: 2041-6792

Clinical Investigation

Micro-Economics-Scholarly-Peer-review-Journal

 Microeconomics (from the Greek prefix micro- meaning "small" + economics) is an economic branch that studies the behavior of individuals and firms in making decisions about the allocation of scarce resources and the interactions between them. One aim of microeconomics is to examine the dynamics of the market that determine relative prices between goods and services and distribute limited resources between alternatives. Microeconomics shows conditions under which free-market allocations are desirable. It also analyzes market failure where efficient results are not produced by the markets. While microeconomics focuses on firms and individuals, macroeconomics focuses on the overall sum of economic activity, addressing issues of growth, inflation and unemployment, as well as national policies on these issues.

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