Distinguish between Micro-Economics and Macro-Economics
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Difference between Micro- Economics and Macro-Economics
Micro- Economics :
* Means small
* Study of individual or parts of an economy
* It is used in price determinations
* Ceteris Paribius
* Tools - Demand and supply
Macro-Economics :
* Means large
* Study of agreements or economy or as a whole
* Income and employment determination
* Changes in all sectors
* Tools - aggregate demand and aggregate supply
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