Economy, asked by priyankayadav1407140, 6 days ago

micro and macro economics are two different types of phenomenon agree or disagree

Answers

Answered by allensynoy
1

Answer:

agree

Explanation:

Answered by presentmoment
0

Micro and macro economics are two sides of the same coin. Both the concepts are related to economics but the scope is different.

Explanation:

  • Microeconomics refers to the study of economic preferences and patterns at an individual level. It includes concepts such as consumer behavior, producer behavior, supply, demand, etc.
  • Macroeconomics refers to the study of economic patterns at a larger level as a whole such as the National economy, It includes concepts such as GDP, National income, etc.
  • Microeconomics is a narrow concept, macroeconomics is a wider concept.
  • However, both deal with economic behaviors, so these are just different in scope.
Similar questions