Difference between Micro Static and Micro Dynamics | Microeconomics
BBA | BBA-BI | BBA-TT | BCIS
Management Notes
Microstatic is the study of the static relationship between different microeconomic variables and deals with the final position equilibrium of these variables at a particular point in time. Microdynamics explains the process by which the system moves from one equilibrium point to another and describes the happenings in the market during the period of transition from one equilibrium point to another.
Difference between Micro Static and Micro Dynamics
Microstatic economics | Micro Dynamics economics |
| Microstatic is the study of the static relationship between different microeconomic variables and deals with the final position equilibrium of these variables at a particular point of time. | Microdynamics explains the process by which the system moves from one equilibrium point to another and describes the happenings in the market during the period of transition from one equilibrium point to another. |
Similarly, You may also like: