Question

micro and macro economics difference​

Answer 1

Answer:

The main difference between microeconomics and macroeconomics is scale. microeconomics studies the behavior of individual household and firms in making decisions on the allocation of limited resources ...... while macroeconomics study the economy as a whole , microeconomists are concerned with specific firms or industries.

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Answer 2

1.

Microeconomics studies the particular market segment of the economy.

Macroeconomics studies the whole economy, that covers several market segments.

2.

Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc.,

Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, etc.,

3.

Microeconomics Applied to internal issues.

Macroeconomics Applied to Environment and external issues.

4.

Microeconomics Covers several issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, etc.

Macroeconomics Covers several issues like distribution, national income, employment, money, general price level, etc.,

Hope it helped you!