Question

Easy difference between microeconomic and macroeconomic

Answer 1

Heya...

* Microeconomics..

1 It refers to the study of economics at an individual or small level...

2 In it's study all the concepts of macroeconomic remains constant..

3 It gives the problem and solutions individual 's related scarcity problems....

4 It is estimated as theory of price...

* Macroeconomic....

1 It is the study of economic problems at macro or whole level....

2 Microeconomics concepts acts as constant in it's study...

3 It tells at macro level what the scarcity problems are and what there solutions..

4 It is known as theory of income and employment...

Answer 2

Microeconomics :-

♥ Microeconomics is a part of economic theory which studies the behaviour of individual units of an economy .

♥ It's also known as ' Price theory ' .

♥ Demand and supply are the tools .

♥ It aims to determine the price of a commodity or the factors of production .

♥ E.g - Individual income and individual output .

Macroeconomics :-

♥ Macroeconomics is a part of economic theory which studies the behaviour of aggregates of the economy as a whole .

♥ It's also known as ' Income & Employment theory ' .

♥ Aggregate deman and aggregate supply are the tools .

♥ It aims to determine income and employment level of the economy .

♥ E.g - National income and national output .