Q1. Are micro and macro economics interdependent on each other? Give reasons for your answer ?
Answers
Answered by
1
Answer:
NO,micro and macro economics are not interdependent
on each other
Explanation:
because micro involves less things to be followed but macro involves major things to be followed
Answered by
1
Both are dependent on each other.
Explanation:
- The micro and macroeconomics are closely dependent on each other. The microeconomic variables towards the macro variable.
- Such as in the study of economic fluctuations, the balance of payments, role in international trade, and also in economic laws.
- Maro's economics approach is used to study the tariffs and payment position on the basis of monopoly.
- Thus microeconomics is the study of individual, group, or company level. Macroeconomic is the studies the effect on individuals and companies as a whole.
Learn more about the Are micro and macro economics interdependent on each other? Give reasons for your answer.
- brainly.in/question/17685829 answered by tapandutta80.
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