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