hello once again
can anyone provide me 3 differences between Macro and Micro -nutrients
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MICRO ECONOMICS :
Meaning : It studies economic behaviour of individual units of economy.Focus of study : Price determination on consumer/producer equilibrium.Instruments or tools : Demand & supply.Method of study : Partial equilibrium analysis.Example : Individual demand, individual supply,Price of a commodity.
MACRO ECONOMICS :
Meaning : It studies economic behaviour of aggregates of the economy as a whole.Focus of study : Determination of level of national income and employment.Instruments or tools : Aggregate demand and aggregate supply.Method of study :General equilibrium analysis.Example : Aggregate demand,Aggregate supply,National income,General price level,Total investmen
Meaning : It studies economic behaviour of individual units of economy.Focus of study : Price determination on consumer/producer equilibrium.Instruments or tools : Demand & supply.Method of study : Partial equilibrium analysis.Example : Individual demand, individual supply,Price of a commodity.
MACRO ECONOMICS :
Meaning : It studies economic behaviour of aggregates of the economy as a whole.Focus of study : Determination of level of national income and employment.Instruments or tools : Aggregate demand and aggregate supply.Method of study :General equilibrium analysis.Example : Aggregate demand,Aggregate supply,National income,General price level,Total investmen
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