PRINCIPLES OF MICROECONOMICS LECTURE NOTES

Institution University of Nairobi
Course ECONOMICS
Year 1st Year
Semester Unknown
Posted By Mwalimu Evans Okoyo.
File Type pdf
Pages 60 Pages
File Size 506.11 KB
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Description

MICROECONOMICS is concerned with individual decision-making; the allocation of resources; and how prices, production, and the distribution of income are determined. It focuses upon the individual and interactive behaviors of households, firms, and fairly specific governmental units. Thus microeconomics emphasizes the composition of economic activity and hence components of our economic system.
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