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PRINCIPLES OF MICROECONOMICS LECTURE NOTES
| Institution | University of Nairobi |
| Course | ECONOMICS |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 60 Pages |
| File Size | 506.11 KB |
| Views | 626 |
| Downloads | 1 |
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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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