Basic Concepts of Microeconomics Which Students Must Know
The whole economic theory is broadly divided into two parts, microeconomics, and macroeconomics. These two terms were at first used by Ragner Frisch in 1933 and went on to become so popular that now they are used by most economists today. The terms ‘micro’ and ‘macro’ were derived from the Greek words ‘Mikros’ and ‘Makros’ […]
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