Questions

In vascular plants, the lateral meristem is one of two meristems in which growth occurs in order to increase stem girth. A meristem is the region of plant tissue found on the tips of roots and shoots. It is where cell division occurs to produce new growth.

Capitalism is an economic system in which private individuals or businesses own capital goods i.e, economy is characterized by private ownership of the means of production. The production of goods and services is based on supply and demand in the general market known as a market economy and not on central planning known as a planned economy.

Microeconomics deals with the 

* Allocation of resources of the economy as between production of different goods and services.

* Determination of prices of goods and services.

* Behavior of industrial decision makers.