Question

Distinguish between micro economic and macro economic?

Answer 1

Answer:

Explanation:

Micro economics is a study of individual or small units. like particular firm, industry, price of a commodity, etc. Macro economics is a study of aggregates like national income, total employment, aggregate demand, aggregate supply, etc

Answer 2

Explanation:

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.