__________ are the basic economic activities of life.

________ is the cost of any activity measured in terms of value of the next best alternative forgone.

The distinction between micro and macro economics was made by

___________ studies whether resources are efficiently allocated.

Macro economics explains

The output produced in an economy is distributed among various factors of production is known as

___________deals with the functioning of the economy.

Micro economics explains

The distinction between micro and macro economics was emerged after

__________ is not the subject matter of micro economic