Final answer:
Microeconomics is the study of the economy at the small-scale level, examining individuals & specific markets within Social Studies.
Step-by-step explanation:
Microeconomics in Social Studies
Microeconomics is the branch of economics that focuses on the actions of specific agents within the economy, such as households, workers, and businesses. It is a small-scale analysis of economic factors that affect the choices made by individuals and specific markets.
For example, microeconomics would examine how a household decides to allocate its budget among various goods and services, or how a business determines the prices of its products based on supply and demand.
By studying microeconomics, we can gain insights into individual behavior and how it influences the overall economy.