Main difference between microeconomics and macroeconomics
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Explanation:microeconomics
Microeconomics studies the behavior of individual households and firms in making decisions on the allocation of limited resources. ... While macroeconomists study the economy as a whole, microeconomists are concerned with specific firms or industries.
- .macroeconomics:Microeconomics deals with an individual product, firm, household, industry, wages, prices, etc. Conversely, Macroeconomics deals with aggregates like national income, national output, price level, total consumption, total savings, total investment, etc.
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