____________ deals with interaction of individual markets.

The term economics derived from the Greek word namely

__________ are the basic economic activities of life.

Macro economics explains

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a give stock of technological knowledge is called

___________ studies whether resources are efficiently allocated.

Micro economics is the ___________ study of the economy.

Opportunity cost is called the

The distinction between micro and macro economics was made by

The subject matter of economics is mainly divided into