State one point of difference between Microeconomics and Macroeconomics for 2 marks
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The main difference between microeconomics and macroeconomics is scale. Microeconomics studies the behavior of individual households and firms in making decisions on the allocation of limited resources. ... Macroeconomics is the study of economies on the national, regional or global scale.
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Macroeconomics
Macroeconomics is the study of the performance, structure, behavior and decision-making of an economy as a whole.
Microeconomics
Microeconomics deals with the economic interactions of a specific person, a single entity or a company; it is the study of markets.
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