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Identify and explain the concepts from the given illustrations:Gauri collected the information about the income of a particular firm. |
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Answer» Concept : Micro economics / Slicing method. Explanation : Micro economics refers to the study of small unit from whole economy. Micro economics uses slicing method to split the whole economy into small individual units. Gauri has used slicing method from micro economics to collect information about the income of a particular firm from various firms. |
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