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Besides the examples, the exercise questions bound individuals to think critically and answer tricky questions. While NCERT books are a valuable foundation, choosing the "best" book ultimately depends on your learning preferences. These calculations, along with laws of variable proportion and diminishing marginal product, etc. Microeconomics: Microeconomics is based on models of consumers or companies called agents by economists making decisions about what to buy, sell, or produce, with the premise that these decisions lead to perfect market clearance demand balances supply and some ideal conditions.
