The analysis of the behavior of individual decision- making units is the definition of

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Microeconomics focuses on analyzing the behavior of individual decision-making units, such as households and firms. Positive economics deals with describing and explaining economic phenomena as they are, while normative economics focuses on prescribing how the economy should operate. Macroeconomics, on the other hand, studies the economy as a whole, including topics such as inflation, unemployment, and economic growth.

The Analysis of the Behavior of Individual Decision- Making Units