deference between in micro economics and macro economics
Answers
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:
MICROECONOMICS:-
It refers to that branch of economics which studies different economic problems or issues relating to an individual unit like a consumer or a producer,etc. Problem of choice or Problem of allocation of resources is the principal microeconomic issue.
MACROECONOMICS :-
It refers to that branch of economics which studies different economic problems or economic issues relating to the whole economy or country. Level of output or level of income in the whole economy is the principal macroeconomic issue.
Explanation: