Micro Economics
The study focuses on the decisions made by individuals and businesses concerning the distribution of resources and the pricing of goods and services.
This means also taking into :
(a) Account taxes and regulations created by governments.
(b) Supply and Demand
(c) Pricing theory of goods and services ongoing basis
Microeconomics examines how an individual company can optimize its production and capacity to reduce prices and enhance its competitiveness within its industry.
