What is microeconomics? Is microeconomics a positive or normative science?

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asked Nov 12, 2020 190k views

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Nima Ebrazeh · Answer 1 · 2020-11-17T09:17:57+0000

Answer:

Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. Microeconomics are positive economics.

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What is microeconomics? Is microeconomics a positive or normative science?

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What is microeconomics? Is microeconomics a positive or normative science?