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Potential subject of microeconomics

User Tou You
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Microeconomics deal with various subjects they are demand, supply, production, elasticity, market etc.

Step-by-step explanation:

Microeconomics is a branch of economics that deals with the behavior of an individual and a firm , it also deals with how resources will be allocated. Microeconomics deal with demand and and supply of goods , production of goods and its elasticity, market as well as the labor market.

Microeconomics help in economic analysis , it tells how the free market will work as well as it describes how the resources will be allocated so that there will be optimal utilization of resources.

User Aeolun
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