Macro economics is a study of aggregates where as mircro is not . Comment
Answers
Both micro and macroeconomics analyze or treat subjects in aggregate basis. Among other things, aggregate analysis simplifies views, studies and comprehension. Microeconomics studies for example, why households prefer a particular product to other and how the producer(s) then determines whether to produce the former or the other. Then, we aggregate the behavior of households and producers to discuss total production of the desired product and its’ consumption. Except, unlike macroeconomics, microeconomics focuses and details its analysis in specific types and categories of products by breaking them up in specific headings then concludes the specific demand and consumption of specific products like cars, bicycles, tv sets, cereals, bread, any electronic devices and so forth. And, it decides what to produce in response. The main goal is to get this ‘general equilibrium theory’ reached by which, every market for every commodity once demanded and produces is explained and identified. Nonetheless, it is a simplified analysis, so in quite numerous senses, some experts view this as partial and inaccurate as well as more complicated than we ever think. Yet, microeconomics with details of particular individual aspects, all aggregated, again, leads to the broadest study of the economy as a whole which is, macroeconomics. It is best that you, as you have a very significant interest and concern in economics (perhaps, you are pursuing this major), consult your professor or lecturer to have him elaborate extensively on this. Perhaps, he/she has better perspectives on the subject.
As for macroeconomics, in addition, as a prominent economist wrote in a book, is defined as, the economics area that emphasizes the interactions (aggregate) of variables and factors in aggregate in the economy in whole. It deliberately simplifies amd generalizes outputs in general bundles, not the specific breakdowns of all products into specific details or categories like cars, bicycles, tv sets etc. , unlike microeconomics. By this, all are treated as a general collective term, ‘consumer goods’. This gives us the building blocks of total production, demand and interactions in the economy. So we take demand, supply, production and consumption in aggregate numbers, analysis, and conclusion. Hence, we have these indicators as GNP, GDP, NNI, GDP per capita, aggregate price level, demand and supply table and curve presented as aggregates and so forth.
The economy is the study of the scarcity of resources with unlimited wanted and usage.
EXPLANATION-
Macro Economics - This branch of economics takes consideration of the topic of general factors or on large scale. It takes the Economy factor as a whole. All the problems and solutions are considered at the national level. The factors are studies are as National Income, Gross domestic product, National domestic product, etc.
Whereas, Micro Economics - This Economy has a narrow branch. The study of the single unit of the economy like an individual, group or company. It deals with domestic market problems in the nation. It talks about factors like supply, demand, etc.
Hence, an economy is a vast subject to understand and has several factors of involvement that makes the economy a dynamic subject to understand and work with. So, it has been divided into two half where macro deals with the economy at an aggregate level to sum up all on the large scale. Another half leads to deal with the individual topic of a domestic economy to make a sound working of the economy channel within the country.
Learn more about the economy more -
https://brainly.in/question/225887