Question

3. Explain the difference between micro and macroeconomics?

Answer 1

Answer:

The primary difference between Micro and Macroeconomics is that microeconomics focuses on issues regarding individual income, output, price of goods, etc. whereas macroeconomics deals with issues like employment rate, national household income, etc. ... are considered under macroeconomic

Answer 2

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Explain the difference between micro and macroeconomics?

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Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments. Though these two branches of economics appear different, they are actually interdependent and complement one another. Many overlapping issues exist between the two fields.