A practical approach to microeconomic policy will need to take a realistic view of the specific strengths and weaknesses of markets and ___________________________________.

Answer :

Answer:

realistic view of the specific strengths and weaknesses of markets and government

Explanation:

Micro-economic policy guides the various ways consumers and producers interact, and most times take actions towards penalties or incentives about a kind of economic behavior. The aim is to ensure political or economic goals. The strength and weakness of the government and markets have an influence of micro-economic policies. The government can impact micro-economic policies by indirect taxes, price controls, subsidies etc. These could affect an individual's economic decisions.

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