explain the difference between microeconomics and macroenomics give suitable example
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Microeconomics primarily deals with individual income, output, price of goods, etc. Macroeconomics is the study of aggregates such as national output, income, as well as general price levels. ... Microeconomics offers a picture of the goods and services that are required for an efficient economy.
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The primary difference between Micro and Macroeconomics is that microeconomics focuses on issues regarding individual income, output, price of goods, etc. whereas macroeconomics deals with issues like employment rate, national household income, etc. ... are considered under macroeconomics.
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