Question

State one principle difference between microeconomics and macroeconomics.

Answer 1

Question 1.) State one principle difference between microeconomics and macroeconomics.

Answer 1.) Microeconomics studies economic activities ( focusing on scarcity and choice ) of individual units while Macroeconomic studies economic activities at the level of economy as a whole.

Answer 2

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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