Question

Explain the concepts and scope of
scope of microeconomic
and macroeconomics .​

Answer 1

Explanation:

Scope And Purpose Of Microeconomics And Its Significance In Business Decision Making. ... Microeconomics refers to the study of individualistic economic behavior at the time of making economic decisions. It studies an individual consumer, producer, manager or a firm, price of a particular commodity or a household.

Macroeconomics is the study of aggregates and averages of the entire economy. ADVERTISEMENTS: Such aggregates are national income, total employment, aggregate savings and investment, aggregate demand, aggregate supply general price level, etc. ... Main tools of its analysis are aggregate demand and aggregate supply.

Answer 2

Answer:

macroeconomic is considered with the behaviour of the economy as a whole. it is the study of aggregates and averages of the entire economy .2. the subject matter of macroeconomic is income and employment, inglation, money supply , price level , investment and economic growth and development.