Economic activity appears both at micro and macro levels. Explain.
Answers
Explanation:
microeconomics: That field that deals with the small-scale activities such as that of the individual or company.
Macroeconomics: The study of the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.
Answer:
Explanation:
In macroeconomics, the subject is typically a nation—how all markets interact to generate big phenomena that economists call aggregate variables. ... The macro/micro split is institutionalized in economics, from beginning courses in “principles of economics” through to postgraduate studies.
Microeconomics and macroeconomics are inter-related because their fields of interest are bound together and cannot be separated. ... Similarly, a macroeconomist cannot study the components of output in a nation's economy without understanding the demand of individual households and firms.