1.

State with reasons whether you agree or disagree with the following statements:Micro economics uses slicing method.

Answer»

Yes, I agree with this statement.

  • Micro economics deals with small or individual units. 
  • Micro economics divides or slices the economy into small units and studies each unit in detail. 
  • It is concerned with microscopic study of these units. It is the study of particular firm, particular household, individual prices, wages, incomes, etc. 
  • Hence, micro economics uses slicing method. 


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