Which of the following refers to the study of the economic behaviour of individual decision-making units, such as individual consumers, resource…

CA Foundation · Business Economics · RTP · January 2026
Which of the following refers to the study of the economic behaviour of individual decision-making units, such as individual consumers, resource owners, and business firms, in a free enterprise system?
(A) A. Business economics
(B) B. Microeconomics
(C) C. Macroeconomic
(D) D. Econometrics

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Business economics

Topics: Nature & Scope of Business Economics

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