The study of how individual businesses, families, and shoppers make decisions to distribute their limited resources in the exchange of products and services is known as Microeconomics.
What are Resources?
These refers to the materials which are present in or environment which adds value to individuals. It is also used in making profits based in different sectors in which they are used.
The ways in which families and small scale businesses decide on how these resources should be distributed so as to attain a higher yield is referred to as microeconomics which is why it was chosen as the most appropriate choice.
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