Microeconomic Analysis

Microeconomic analysis examines how individuals and businesses make decisions about resource allocation, production, and consumption in markets. It looks at how these choices affect supply and demand, pricing, and competition. By studying factors like consumer preferences, costs of production, and market structures, microeconomics helps us understand why products are priced the way they are and how they can impact economic well-being. This analysis is essential for crafting effective business strategies and public policies that promote efficiency and equity in the economy.