Which term best describes the study of the decisions of people and businesses and the interaction of these decisions?

Question

Quizplus · Accepted Answer

Microeconomics is the study of the economic behavior of individuals, firms, and industries and how they interact in markets. It focuses on the decisions made by buyers and sellers in the marketplace, as well as the factors that influence those decisions, such as prices, supply and demand, and market competition.

Which Term Best Describes the Study of the Decisions of People