Question

Differentiate between microeconomics and macroeconomics​

Answer 1

Microeconomics : Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Macroeconomics : Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.

Answer 2

Explanation:

Microeconomics is a larger substance

Macroeconomics is a smaller substance

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