distinguish between micro and macro economics
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The main difference between microeconomics and macroeconomics is scale. Microeconomics studies the behavior of individual households and firms in making decisions on the allocation of limited resources. ... While macroeconomists study the economy as a whole, microeconomists are concerned with specific firms or industries.
Economics is divided into two categories: microeconomics and macroeconomics. Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments
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