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What area of economics focuses on the interactions between individual consumers and producers?

2 Answers

4 votes
The answer is microeconomics
User Terry
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Answer: Microeconomics

Explanation:

Microeconomics is known to center on economic decision making which involves individual’s behaviour and how limited resources can be distributed. Furthermore, it involves how these resources are manufactured and exchanged in the market. Thus, it deals with the individual’s economic decision which has effect on activities relating to demand and supply in the market.

User Bavan
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