Question

cuss?Microeconomics and macroeconomics are inseparable twins. Dis

Answer 1

Answer:

Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments. Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach.

Answer 2

Microeconomics analyses people and market choices while macroeconomics analyzes global and policy decisions. Microeconomics is based on supply and demand, and other factors that decide price prices, allowing it an strategy from the ground up.

Explanation:

• Microeconomics is about an person or a household while macroeconomics is about the country as a whole, companies and firms. Microeconomics examples are Individual demand, individual supply, commodity size, marginal value etc.
• Size is the principal distinction between microeconomics and macroeconomics. Microeconomics analyses the actions of human households and businesses when making choices regarding scarce resource distribution.
• Macroeconomics is the national, international, or global analysis of economies.

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