What is microeconomics, Managerial Economics

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What is Microeconomics

It studies the principles and problems of an individual business firm or an individual industry. It services the management in evaluating and forecasting the trends of the market. 


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Buffer stocks and stabilization funds In this case the government buys up part of the supply when output is excessive, stores this surplus, and resells it to consumers in time

#titwillliomson model, explian williomson model of managerial discretion

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