The microelements of societies are made up of_____________?

Correct answer: A. processes of social interaction

  • A. processes of social interaction
  • B. diseases that harm societies
  • C. problems of cement roads
  • D. none of the above

Explanation

At the microsocial level, society is examined through everyday interactions and the processes connecting individuals. Diseases and infrastructure problems are social issues, not the basic microelements of social organization.

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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.

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