Different between Micro and Macro economics?
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ᴍɪᴄʀᴏ ᴇᴄᴏɴᴏᴍɪᴄꜱ :-
ᴍɪᴄʀᴏ ᴍᴇᴀɴꜱ ꜱᴍᴀʟʟ .
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ᴍᴀᴄʀᴏ ᴍᴇᴀɴꜱ ʟᴀʀɢᴇ ᴀɴᴅ ᴛᴏᴛᴀʟ .
ʜᴏᴩᴇ ɪᴛ ʜᴇʟᴩꜱ ᴜʜʜ !!!
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Micro economics is a part of economics which studies the behaviour of an individual.
It's tools are demand and supply.
Macro economics is a part of economics that deal with the aggregate
It's tools are aggregate demand and aggregate supply
Explanation:
Micro economics is a part of economics which studies about an individual
For ex How a household spends its resourses f
whereas Macroeconomics is a study of
Group of households(An economy,Many houses)
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