Question

distinguish between microeconomics and macroeconomics
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Answer 1

Answer:

Economics is divided into two different categories: microeconomics and macroeconomics. Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments.

Answer 2

$\huge\underline\bold\red{ANSWER}$

Economics is divided into two different categories: microeconomics and macroeconomics.

• Microeconomics is the study of individuals and business decisions, while macroeconomics looks at the decisions of countries and governments.
• That ground can be divided into two parts: microeconomics focuses on the actions of individual agents within the economy, like households, workers, and businesses; macroeconomics looks at the economy as a whole. It focuses on broad issues such as growth, unemployment, inflation, and trade balance.
• Micro principles are used in macroeconomics. If you study the impact of devaluation, you are likely to use same economic principles, such as the elasticity of demand to changes in price. Micro effects macroeconomics and vice versa