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.
Macro refers to large things. Micro refers to small things.
Answered by
1
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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