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What Are Limitations Of Micro Ecnomics?
asked 1 year ago
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The basic limitation of micro economics is that it deals with the individual economic condition of a single firm where as macro economics deals with the whole market. There are no other limitations as such but there are assumptions in all the micro economic theories that are mostly unrealistic and are not present in the real world. Please visit the following link to view all the assumptions in micro economic theories.
Microeconomics
answered 1 year ago
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