Microeconomics analysis suffers from certain limitations:
1. Not dealing with the whole
economy:
Microeconomics cannot give an idea of the
functioning of the economy as a whole.
2. Full employment
assumption:
It assumes full employment which is a rare
phenomenon in the capitalist world.
3. Unrealistic:
It has some basic assumptions which are not
realistic.
At last, we conclude that, having some limitation
microeconomics is important for individual industry.
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